SEC Form 4 · accession 0001185185-15-000350
GlyEco, Inc. · GLYE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Ide
Officer — CEO / President · Director
Period of report
Feb 15, 2015
Accepted (ET)
Feb 19, 2015 · 5:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000931799
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Common StockF2 | Feb 15, 2015 | A | 290,333 | $0.31 | A | 300,750 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted common stock was acquired pursuant to a Consulting Agreement entered into between the Company and Mr. Ide on February 15, 2015, and will vest 100% upon the Company attaining EBITDA positive results by August 1, 2015, using an adjusted EBITDA calculation.
- F2Mr. Ide was previously granted 125,000 shares of restricted common stock under the Company's Fiscal Year 2015 Director Compensation Plan on January 2, 2015. With Mr. Ide's appointment as interim Chief Executive Officer and President, effective February 1, 2015, his compensation as a non-executive director under the Company's Fiscal Year 2015 Compensation Plan has been prorated to 10,417 shares.