SEC Form 4 · accession 0001615774-17-005677
GlyEco, Inc. · GLYE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard S Geib
Officer — EVP-Additives and Glycols
Period of report
Jun 27, 2011
Accepted (ET)
Oct 10, 2017 · 7:19 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 StockF1 | Dec 27, 2016 | A | 2,812,500 | $0.08 | A | 2,944,900 | D | |
| Common StockF1,F2 | Dec 27, 2016 | A | 2,812,500 | $0.08 | A | 2,812,500 | I | By wife |
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,F3,F4 | — | Dec 2, 2016 | A | 1,000,000 | A | — | — | Common Stock | 1,000,000 | 1,000,000 | D |
| Options with right to buyF8,F5 | $1.00 | Jun 27, 2011 | J | 60,000 | D | — | — | Common Stock | 60,000 | 0 | D |
| Options with right to buyF8,F5 | $0.50 | Oct 25, 2011 | J | 82,500 | D | — | — | Common Stock | 82,500 | 0 | D |
| Options with right to buyF8,F4 | $1.00 | Sep 20, 2013 | J | 50,000 | D | — | — | Common Stock | 50,000 | 50,000 | D |
| Options with right to buyF8,F5 | $1.00 | Sep 20, 2014 | J | 25,000 | D | — | — | Common Stock | 25,000 | 25,000 | D |
| Options with right to buyF8,F5 | $1.00 | Sep 20, 2015 | J | 25,000 | D | — | — | Common Stock | 25,000 | 0 | D |
| Common Stock Purchase WarrantF8,F6 | $0.73 | Dec 31, 2014 | J | 337,500 | D | — | — | Common Stock | 337,500 | 0 | D |
| Common Stock Purchase WarrantF8,F6 | $1.00 | Jun 27, 2011 | J | 40,000 | D | — | — | Common Stock | 40,000 | 337,500 | D |
| Common Stock Purchase WarrantF7 | $0.73 | Aug 4, 2014 | J | 1,350,000 | D | — | Aug 4, 2017 | Common Stock | 1,350,000 | 0 | D |
| Common Stock Purchase WarrantF8,F7 | $0.50 | May 3, 2012 | J | 100,000 | D | — | May 3, 2017 | Common Stock | 100,000 | 0 | D |
| Common Stock Purchase WarrantF8,F7 | $0.50 | May 3, 2016 | J | 100,000 | D | — | May 3, 2016 | Common Stock | 337,500 | 0 | D |
Explanation of responses
- F1Shares acquired in connection with the Issuer's acquisition of WEBA Technology Corp. and Recovery Solutions & Technologies on December 27, 2016.
- F2Shares held by the reporting person's wife.
- F3The Restricted Stock Grant represents a contingent right to receive 1,000,000 shares of Issuer Common Stock.
- F4The Restricted Stock Grant was granted in connection with the reporting person re-joining the Issuer on December 28, 2016, and vests upon the Issuer's common stock achieving a 30-day volume-weighted average price of $0.20.
- F5Options with right to buy forfeited upon the reporting person's prior departure from the Issuer on January 31, 2016.
- F6Common Stock Purchase Warrants forfeited in connection with the reporting person's prior departure from the Issuer on January 31, 2016.
- F7Unexercised Common Stock Purchase Warrant expired.
- F8The report reflects updated amounts of derivative securities held by the reporting person.