SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

TRAPP CHARLES F

(Last)

(First)

(Middle)

230 GILL WAY

(Street)

ROCK HILL

29730

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GlyEco, Inc. [ GLYE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/19/2017		A⁽¹⁾		102,040	A	$0.098⁽²⁾	4,170,715⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Grant	⁽⁴⁾	05/22/2015		A⁽⁵⁾		175,676		⁽⁵⁾	⁽⁵⁾	Common Stock	175,676	$0	175,676⁽⁸⁾	D
Restricted Stock Grant	⁽⁶⁾	12/02/2016		A⁽⁷⁾		350,000		⁽⁷⁾	⁽⁷⁾	Common Stock	350,000	$0	350,000⁽⁸⁾	D

Explanation of Responses:

1. Shares granted under the Company's Director Compensation Plan for the fiscal quarter ended June 30, 2017.

2. Shares priced as of the close on April 3, 2017.

3. The 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.

4. The Restricted Stock Grant represents a contingent right to receive 175,676 shares of Issuer common stock.

5. The Restricted Stock Grant was granted pursuant to the Issuer's 2015 Director Compensation Plan on May 22, 2015, and vests upon the Issuer's common stock achieving a 30-day volume-weighted average price of $0.20.

6. The Restricted Stock Grant represents a contingent right to receive 350,000 shares of Issuer common stock.

7. The Restricted Stock Grant was granted in recognition of the director'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.

8. The report reflects an updated amount of derivative securities held by the reporting person.

	/s/ Charles F. Trapp	07/19/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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