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