SEC Form 4 · accession 0001615774-16-004299
GlyEco, Inc. · GLYE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Ide
Officer — CEO · Director
Period of report
Feb 1, 2016
Accepted (ET)
Feb 23, 2016 · 9:31 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 Stock | Feb 1, 2016 | A | 812,500 | $0.08 | A | 2,208,689 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted common stock is granted under the Company's Fiscal Year 2016 Director Compensation Plan, priced at the close on February 1, 2016, and will vest upon the Company's stock price maintaining a $0.12 per share stock price for a 30 trading day Volume Weighted Average Price (VWAP) duration or the Company becoming EBITDA positive for one full fiscal quarter.