Gerard Wendolowski - 20 Sep 2021 Form 4 Insider Report for ASPEN GROUP, INC. (ASPU)

Reporting relationship: Chief Operating Officer
Issuer ticker: ASPU
Reported as of: 20 Sep 2021
Net transaction value: +$0.12
SEC form: 4
Accepted by SEC: 21 Sep 2021, 16:07:23 UTC
Prior SEC filing: 16 Aug 2021
Source filing: View source filing
Reporting owner signature: /s/ Gerard Wendolowski

Key filing fact

Gerard Wendolowski filed Form 4 for ASPEN GROUP, INC. (ASPU) on 21 Sep 2021.

Key facts

This page summarizes Gerard Wendolowski's Form 4 filing for ASPEN GROUP, INC. (ASPU).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Sep 2021, 16:07.

Change

Previous filing in this sequence was filed on 16 Aug 2021.
Current net transaction value: +$0.12.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ASPU transaction

Common Stock

Options Exercise

Transaction value: $980,000
Shares: +200,000
Change %: +119%
Price: $4.90^*
Shares after: 368,535
Date: 20 Sep 2021
Ownership: Direct
Footnotes: F1

ASPU transaction

Common Stock

Tax liability

Transaction value: $980,000
Shares: -169,844
Change %: -46%
Price: $5.77^*
Shares after: 198,691
Date: 20 Sep 2021
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ASPU transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -200,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 20 Sep 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 200,000
Exercise price: $4.90
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The Reporting Person cashlessly exercised the stock options. 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 was approved in advance by the Compensation Committee of the Issuer's Board of Directors, which is comprised of only non-employee directors in accordance with Rule 16b-3(d).

Footnote F2

Represents shares surrendered in payment of the exercise price.