SEC Form 4 · accession 0001615774-17-003729
GlyEco, Inc. · GLYE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott P Nussbaum
Director
Period of report
Dec 2, 2016
Accepted (ET)
Jul 19, 2017 · 9:42 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jul 19, 2017 | A | 117,346 | $0.098 | A | 2,810,228 | D | |
| Common Stock | Jul 17, 2017 | X | 156,250 | $0.08 | A | 2,966,478 | D | |
| Common StockF4 | Jul 17, 2017 | X | 156,250 | $0.08 | A | 1,096,250 | I | By trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock GrantF7,F5,F6 | — | Dec 2, 2016 | A | 1,100,000 | A | — | — | Common Stock | 1,100,000 | 1,100,000 | D |
Explanation of responses
- F1Shares granted under the Company's Director Compensation Plan for the fiscal quarter ended June 30, 2017.
- F2Shares priced as of the close on April 3, 2017.
- F3Shares acquired through the exercise of warrants on July 17, 2017, which warrants were acquired in a private placement on December 27, 2016.
- F4Shares held by the Mara Nussbaum 2011 Grantor Trust, of which the reporting person's sister is a beneficiary, and of which the reporting person is the trustee.
- F5The Restricted Stock Grant represents a contingent right to receive 1,100,000 shares of Issuer common stock.
- F6The Restricted Stock Grant was granted in connection with the reporting person joining the Issuer as a director on December 2, 2016, and vests upon the Issuer's common stock achieving a 30-day volume-weighted average price of $0.20.
- F7The report reflects an updated amount of derivative securities held by the reporting person.