SEC Form 4 · accession 0001615774-17-003738
GlyEco, Inc. · GLYE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Ide
Director
Period of report
Feb 1, 2015
Accepted (ET)
Jul 19, 2017 · 9:57 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,F3 | Jul 19, 2017 | A | 102,040 | $0.098 | A | 2,912,628 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock GrantF8,F4,F5 | — | Feb 1, 2015 | A | 10,417 | A | — | — | Common Stock | 10,417 | 10,417 | D |
| Restricted Stock GrantF8,F6,F7 | — | Dec 2, 2016 | A | 350,000 | A | — | — | Common Stock | 350,000 | 360,417 | 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.
- F3The report reflects the correct amount of securities held by the reporting person. The balance reported on the Form 4 filed on April 4, 2017 overstated the amount of securities owned by the reporting person due to an administrative error.
- F4The Restricted Stock Grant represents a contingent right to receive 10,417 shares of Issuer common stock.
- F5The Restricted Stock Grant was granted pursuant to the Issuer's 2015 Director Compensation Plan, initially issued on January 2, 2015, and prorated on February 1, 2015, and vests upon the Issuer's common stock achieving a 30-day volume-weighted average price of $2.00.
- F6The Restricted Stock Grant represents a contingent right to receive 350,000 shares of Issuer common stock.
- F7The Restricted Stock Grant was granted in recognition of the reporting person's service to the Issuer on December 2, 2016, and vests upon the Issuer's common stock achieving a 30-day volume-weighted average price of $0.20.
- F8The report reflects an updated amount of derivative securities held by the reporting person.