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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1487198	Aspen Group Inc.	ASPU	Services-Educational Services (8200)	271933597

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1601734	St. Cheri Arnauld	276 Fifth Avenue Suite 505 New York NY 10001	Chief Academic Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2020-06-02	83,334	$2.02	106,555	No	4	M	Direct
Common Stock	Disposition	2020-06-02	83,334	$9.65	23,221	No	4	S	Direct
Common Stock	Acquisiton	2020-06-02	58,334	$1.99	81,555	No	4	M	Direct
Common Stock	Disposition	2020-06-02	58,334	$9.65	23,221	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Disposition	2020-06-02	83,334	$0.00	83,334	$2.02
Common Stock	Stock Options (Right to Buy)	Disposition	2020-06-02	58,334	$0.00	58,334	$1.99

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2015-06-08	2020-06-08	No	4	M	Direct
0	2016-06-23	2021-06-23	No	4	M	Direct

Footnotes

The stock option exercise and the sales reported on this Form 4 were affected by a broker-dealer pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person during an open window period. The exercise exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-6.
The shares were sold in part to pay the exercise price and federal, state and local income taxes incurred from the exercise of stock options.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $9.00 to $10.0325, inclusive. The Reporting Person undertakes to provide to Aspen Group, Inc., any security holder of Aspen Group, 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 ranges set forth in footnote (3) to this Form 4.