SEC Form 4 · accession 0001615774-16-004444
GlyEco, Inc. · GLYE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grant Sahag
Officer — President
Period of report
Mar 9, 2016
Accepted (ET)
Mar 10, 2016 · 7:25 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 | Mar 9, 2016 | A | 1,100,453 | $0.10 | A | 1,419,120 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted common stock is granted pursuant to Mr. Sahag's Employment Agreement. The stock will vest pursuant to the Company's stock price achieving certain 30 trading day volume weighted average prices, as follows: 20% will vest @ $0.30 per share, 30% will vest at $0.40 per share, 30% will vest at $0.50 per share, and 20% will vest at $0.60 per share.