SEC Form 4 · accession 0001615774-17-001487
GlyEco, Inc. · GLYE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
David Ide
Officer — CEO / President
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 4:25 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 StockF2 | Mar 31, 2017 | A | 16,667 | $0.12 | A | 2,025,022 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted common stock was acquired pursuant to the Company's Equity Incentive Program.
- F2Total does not include 3,200,906 unvested shares of Common Stock granted pursuant to Mr. Rhodes' Employment Agreement. Of these shares, 1,000,000 shares may vest % upon the Company's common stock maintaining a $0.20 share stock price for a thirty trading VWAP duration, and 2,200,906 shares may vest upon the Company's common stock achieving certain 30 trading day volume weighted average prices, as follows: 20% will vest at $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.