0001553350-21-000003.txt : 20210105 0001553350-21-000003.hdr.sgml : 20210105 20210105162746 ACCESSION NUMBER: 0001553350-21-000003 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20210105 DATE AS OF CHANGE: 20210105 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mathews Michael CENTRAL INDEX KEY: 0001469394 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38175 FILM NUMBER: 21505973 MAIL ADDRESS: STREET 1: 257 PARK AVENUE SOUTH STREET 2: SUITE 602 CITY: NEW YORK STATE: NY ZIP: 10010 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ASPEN GROUP, INC. CENTRAL INDEX KEY: 0001487198 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 271933597 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 BUSINESS ADDRESS: STREET 1: 276 FIFTH AVENUE STREET 2: SUITE 505 CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 646-448-5144 MAIL ADDRESS: STREET 1: 276 FIFTH AVENUE STREET 2: SUITE 505 CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: Elite Nutritional Brands, Inc. DATE OF NAME CHANGE: 20111011 FORMER COMPANY: FORMER CONFORMED NAME: Hidden Ladder, Inc. DATE OF NAME CHANGE: 20100315 4 1 mathews4.xml OWNERSHIP DOCUMENT X0306 4 2020-12-31 0 0001487198 ASPEN GROUP, INC. ASPU 0001469394 Mathews Michael 276 FIFTH AVENUE SUITE 505 NEW YORK NY 10001 1 1 0 0 Chief Executive Officer Common Stock 2020-12-31 4 M 0 200000 4.90 A 1035088 D Common Stock 2020-12-31 4 M 0 80556 2.28 A 1115644 D Common Stock 2020-12-31 4 F 0 137756 11.13 D 977888 D Common Stock 2020-12-31 4 F 0 44942 11.13 D 932946 D Common Stock 8334 I Held in trust Stock Options (Right to Buy) 4.90 2020-12-31 4 M 0 200000 0 D 2017-05-13 2022-05-13 Common Stock 200000 0 D Stock Options (Right to Buy) 2.28 2020-12-31 4 M 0 80556 0 D 2012-12-31 2021-01-31 Common Stock 80556 0 D During an open window period under the Issuer's Insider Trading Plan, the Reporting Person submitted a cashless exercise notice which would become effective on the date that certain stock options vested. Following such vesting, the stock options were cashlessly exercised. The exercise of the stock options was exempt under Rule 16b-6 and the right of the Reporting Person to direct that the shares be withheld in payment of the exercise price and applicable taxes was both approved in advance by the Executive Committee of the Issuer's Board of Directors, which is comprised of only non-employee directors, and by the Compensation Committee, which is comprised of two non-employee directors in accordance with Rule 16b-3(d). Represents shares surrendered in payment of the applicable taxes and exercise price arising from the exercise of 200,000 stock options. Represents shares surrendered in payment of the applicable taxes and exercise price arising from the exercise of 80,556 stock options. /s/ Michael Mathews 2021-01-05