GlyEco, Inc. 4
4 · GlyEco, Inc. · Filed Apr 5, 2017
Insider Transaction Report
Form 4
GlyEco, Inc.GLYE
RHODES IAN
CFO
Transactions
- Award
Restricted Common Stock
2017-03-31$0.12/sh+16,667$2,000→ 202,502 total
Footnotes (2)
- [F1]Restricted common stock was acquired pursuant to the Company's Equity Incentive Program.
- [F2]Total does not include 3,200,906 unvested shares of Common Stock granted pursuant to Mr. Rhodes' Employment Agreement. Of these shares, 1,000,000 shares may vest upon the Company's common stock maintaining a $0.20 share stock price for a thirty trading day VWAP duration, and 2,200,906 shares may vest upon the Company's Common Stock achieving certain thirty trading day volume weighted average prices as follows: 20% will vest at $0.30 per share, 30% will vest at $0.40 per share, 30% will vest at $0.50 per share, and 20% will vest at $0.60 per share.