0001615774-18-004206.txt : 20180522
0001615774-18-004206.hdr.sgml : 20180522
20180522151713
ACCESSION NUMBER: 0001615774-18-004206
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180427
FILED AS OF DATE: 20180522
DATE AS OF CHANGE: 20180522
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kelly Dennis Richard
CENTRAL INDEX KEY: 0001739793
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-30396
FILM NUMBER: 18852234
MAIL ADDRESS:
STREET 1: 230 GILL WAY
CITY: ROCK HILL
STATE: SC
ZIP: 29730
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GlyEco, Inc.
CENTRAL INDEX KEY: 0000931799
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890]
IRS NUMBER: 330622722
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 230 GILL WAY
CITY: ROCK HILL
STATE: SC
ZIP: 29730
BUSINESS PHONE: 866-960-1539
MAIL ADDRESS:
STREET 1: 230 GILL WAY
CITY: ROCK HILL
STATE: SC
ZIP: 29730
FORMER COMPANY:
FORMER CONFORMED NAME: Environmental Credits Ltd
DATE OF NAME CHANGE: 20091001
FORMER COMPANY:
FORMER CONFORMED NAME: BOYSTOYS COM INC
DATE OF NAME CHANGE: 19990209
FORMER COMPANY:
FORMER CONFORMED NAME: ALTERNATIVE ENTERTAINMENT INC
DATE OF NAME CHANGE: 19950106
3
1
s110001_form3.xml
3
X0206
3
2018-04-27
0
0000931799
GlyEco, Inc.
GLYE
0001739793
Kelly Dennis Richard
230 GILL WAY
ROCK HILL
SC
29730
0
1
0
0
EVP-Industrial Segment
Common Stock
509900
D
In 2017, prior to becoming a reporting person, Mr. Kelly was granted 250,000 restricted shares of common stock with respect to his initial offer letter with the Company. Such shares vest at a thirty(30)-day volume weighted average price of $0.20 per shares. Additionally, in 2017, Mr. Kelly purchased 9,900 restricted shares of common stock through the Company's Equity Incentive Program. In 2018, Mr. Kelly was awarded a grant of 200,000 restricted shares of common stock to be issued as follows: 100,000 shares of which shall be granted upon the Company becoming EBITDA Positive; and 100,000 shares which shall be granted upon the Company achieving positive net income. Additionally, in 2018, Mr. Kelly was awarded a separate grant of 50,000 restricted shares of common stock to be issued as follows: 25,000 shares of which shall be granted upon the Company becoming EBITDA Positive; and 25,000 shares which shall be granted upon the Company achieving positive net income.
/s/ Dennis Kelly
2018-05-22