ASPEN GROUP, INC. (NASDAQ:AZPN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02   Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On May 13, 2017, Aspen Group, Inc. (the “Company”) granted its executive officers a total of 500,000 five-year stock options to purchase shares of the Company’s common stock under the Company’s 2012 Equity Incentive Plan. The options vest annually over three years, subject to continued employment at each applicable vesting date, and are exercisable at $4.90 per share. Chairman and Chief Executive Officer Michael Mathews received 200,000 options, Chief Operating Officer Gerard Wendolowski received 200,000 options, Chief Academic Officer Dr. Cheri St. Arnauld received 70,000 options, and Chief Financial Officer Janet Gill received 30,000 options.

About ASPEN GROUP, INC. (NASDAQ:AZPN)

Aspen Technology, Inc. is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. It operates through two segments, including subscription and software, which provides licensing of process optimization software solutions and associated support services, and services, which includes professional services and training. It has developed applications to design and optimize processes across the business areas, including engineering, manufacturing and supply chain. Its products include Aspen HYSYS, Aspen Economic Evaluation, Aspen Info Plus.21, Aspen PIMS Advanced Optimization, Aspen Collaborative Demand Manager and Aspen Supply Planner.

ASPEN GROUP, INC. (NASDAQ:AZPN) Recent Trading Information

ASPEN GROUP, INC. (NASDAQ:AZPN) closed its last trading session up +0.21 at 58.95 with 408,452 shares trading hands.