Key facts
- This page summarizes Robert Alessi's Form 4 filing for ASPEN GROUP, INC. (ASPU).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 21 Dec 2021, 16:03.
Robert Alessi - 20 Dec 2021 Form 4 Insider Report for ASPEN GROUP, INC. (ASPU)
- Reporting relationship
- Chief Accounting Officer
- Issuer ticker
- ASPU
- Reported as of
- 20 Dec 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 21 Dec 2021, 16:03:05 UTC
- Prior SEC filing
- 15 Oct 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Robert Alessi
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Robert Alessi filed Form 4 for ASPEN GROUP, INC. (ASPU) on 21 Dec 2021.
Change
- Previous filing in this sequence was filed on 15 Oct 2021.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ASPU
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +30,000
- Change %
- +57%
- Price
- $0.000000
- Shares after
- 82,376
- Date
- 20 Dec 2021
- Ownership
- Direct
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The grant was exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder as it was approved by the Compensation Committee of the Board of Directors of the Issuer, which is comprised of two non-employee directors in accordance with Rule 16b-3(d). Pursuant to the Reporting Person's Employment Agreement dated December 1, 2020 (the "Employment Agreement"), the Compensation Committee granted 15,000 restricted stock units on December 20, 2021, vesting over three years in equal annual increments beginning on December 1, 2022, subject to continued employment as an executive officer on each applicable vesting date and execution of the Issuer's standard Restricted Stock Unit Agreement.
Footnote F2
The Compensation Committee also granted the Reporting Person pursuant to the Employment Agreement an additional 15,000 restricted stock units effective December 1, 2022, vesting in equal annual increments over a three-year period with the first vesting date on December 1, 2023, subject to continued employment as an executive officer on December 1, 2022 and each applicable vesting date and execution of the Issuer's standard Restricted Stock Unit Agreement. Vested shares of common stock will be delivered to the Reporting Person upon the vesting of the restricted stock units. In the event of a change of control of the Issuer, vesting will accelerate. The restricted stock units were issued under the Issuer's 2018 Equity Incentive Plan.
Footnote F3
Includes 6,666 shares of common stock issuable upon vesting of restricted stock units previously granted on December 1, 2019; 13,333 shares of common stock issuable upon vesting of restricted stock units previously granted on August 12, 2020; and 10,000 shares of common stock issuable upon vesting of restricted stock units previously granted on January 6, 2021. Also includes 18,334 shares of common stock acquired from vested restricted stock units previously granted on December 1, 2019, August 12, 2020 and January 6, 2021.