ASPEN GROUP INC

Ticker: ASPU CUSIP: 04530L203 Class: COM NEW

WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC's Holding History (CIK: 0001644956)

Note: Option positions (PUT/CALL) are excluded.

Q3 2019

Shares 1,243,814 Value ($000) $6,455 Avg Close $4.51 Range $3.62 - $5.84

Q2 2019

Shares 1,260,875 Value ($000) $4,791 Avg Close $4.35 Range $3.58 - $5.60

Q1 2019

Shares 1,326,961 Value ($000) $7,073 Avg Close $4.99 Range $4.40 - $5.83

Q4 2018

Shares 1,220,498 Value ($000) $6,688 Avg Close $5.80 Range $4.78 - $7.15

Q3 2018

Shares 1,146,903 Value ($000) $7,799 Avg Close $7.26 Range $6.62 - $8.20

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2019	1,243,814	$6,455	$4.51	$3.62 - $5.84
Q2 2019	1,260,875	$4,791	$4.35	$3.58 - $5.60
Q1 2019	1,326,961	$7,073	$4.99	$4.40 - $5.83
Q4 2018	1,220,498	$6,688	$5.80	$4.78 - $7.15
Q3 2018	1,146,903	$7,799	$7.26	$6.62 - $8.20