SEC Form 5 · accession 0001615774-19-002601
GlyEco, Inc. · GLYE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Olsson
Officer — COO & EVP-Consumer Segment
Period of report
Dec 31, 2018
Accepted (ET)
Feb 15, 2019 · 9:44 am EST
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,F2 | Apr 20, 2018 | A | 2,800 | — | A | 4,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 20, 2018, Mr. Olsson was granted 2,800 shares of restricted common stock pursuant to the 2017 Incentive Compensation Plan, 1,400 shares of which shall vest upon the Company's adjusted EBITDA being positive for the first quarter following such grant, and 1,400 shares of which shall vest upon the Company's net income being positive for the first quarter following such grant. As of February 5, 2018, no such shares are vested.
- F2Shares have been split-adjusted pursuant to the Company's 1-for-500 reverse stock split, immediately followed by a 4-for-1 forward stock split effective July 10, 2018.