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