SEC Form 4 · accession 0001615774-17-001520
GlyEco, Inc. · GLYE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Rhodes
Officer — CEO / President
Period of report
Mar 31, 2017
Accepted (ET)
Apr 5, 2017 · 9:27 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 | 202,502 | 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 day VWAP duration, and 2,200,906 shares may vest upon the Company's Common Stock achieving certain thirty 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.