F. G. Hammond - Jul 12, 2021 Form 4 Insider Report for ASPEN TECHNOLOGY INC /DE/ (AZPN)

Role
Senior VP & General Counsel
Signature
/s/ F. G. Hammond
Stock symbol
AZPN
Transactions as of
Jul 12, 2021
Transactions value $
-$1,184,333
Form type
4
Date filed
7/14/2021, 04:21 PM
Previous filing
Jul 2, 2021
Next filing
Jul 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AZPN Common Stock Options Exercise $26.5K +597 +2.33% $44.38 26.2K Jul 12, 2021 Direct F1
transaction AZPN Common Stock Options Exercise $156K +3.44K +13.13% $45.46 29.6K Jul 12, 2021 Direct F1
transaction AZPN Common Stock Options Exercise $607K +9.6K +32.38% $63.25 39.2K Jul 12, 2021 Direct F1
transaction AZPN Common Stock Sale -$1.66M -11.6K -29.49% $143.53 27.7K Jul 12, 2021 Direct F1, F2
transaction AZPN Common Stock Sale -$190K -1.32K -4.75% $144.32 26.4K Jul 12, 2021 Direct F1, F3
transaction AZPN Common Stock Sale -$109K -750 -2.85% $145.60 25.6K Jul 12, 2021 Direct F1, F4
transaction AZPN Common Stock Sale -$14.6K -100 -0.39% $145.81 25.5K Jul 12, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AZPN Employee Stock Option (Right to Buy) Options Exercise $0 -597 -100% $0.00* 0 Jul 12, 2021 Common Stock 597 $44.38 Direct F5
transaction AZPN Employee Stock Option (Right to Buy) Options Exercise $0 -3.44K -100% $0.00* 0 Jul 12, 2021 Common Stock 3.44K $45.46 Direct F6
transaction AZPN Employee Stock Option (Right to Buy) Options Exercise $0 -9.6K -100% $0.00* 0 Jul 12, 2021 Common Stock 9.6K $63.25 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options exercised and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 25, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $143.19 to $144.18, inclusive. The reporting person undertakes to provide to Aspen Technology, Inc., any security holder of Aspen Technology, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the applicable range set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.23 to $144.46, inclusive. The reporting person undertakes to provide to Aspen Technology, Inc., any security holder of Aspen Technology, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the applicable range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $145.42 to $146.22, inclusive. The reporting person undertakes to provide to Aspen Technology, Inc., any security holder of Aspen Technology, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the applicable range set forth in this footnote.
F5 The option granted at the exercise price of $44.38 vested in 16 equal consecutive quarterly installments on the last business day of each quarter, beginning on September 30, 2015.
F6 The option granted at the exercise price of $45.46 vested in 16 equal consecutive quarterly installments on the last business day of each quarter, beginning on September 30, 2016.
F7 The option granted at the exercise price of $63.25 vested in 16 equal consecutive quarterly installments on the last business day of each quarter, beginning on September 30, 2017.