SEC Form 4 · accession 0001615774-16-005893
GlyEco, Inc. · GLYE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Q Opler
Director
Period of report
Jun 13, 2016
Accepted (ET)
Jun 14, 2016 · 6:09 pm EDT
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 | Jun 13, 2016 | A | 781,250 | $0.08 | A | 1,279,010 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As previously reported on a Form 4 filed on February 23, 2016, restricted common stock was granted under the Company's Fiscal Year 2016 Director Compensation, priced at the close on February 1, 2016, and is to 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. As of June 13, 2016, the Company's stock price maintained a $0.12 per share stock price for a 30 trading day VWAP, and therefore the restricted common stock has vested.