FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

GEIB RICHARD S
2. Issuer Name and Ticker or Trading Symbol

GlyEco, Inc. [ GLYE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP-Additives and Glycols
(Last)          (First)          (Middle)

230 GILL WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

6/27/2011
(Street)

ROCK HILL, SC 29730
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
Common Stock   12/27/2016     A    2812500   (1) A $0.08   2944900   D    
Common Stock   12/27/2016     A    2812500   (1) A $0.08   2812500   I   (2) By wife  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Grant     (3) 12/2/2016     A      1000000         (4)   (4) Common Stock   1000000   $0   1000000   (8) D    
Options with right to buy   $1.00   6/27/2011     J   (5)       60000      (5)   (5) Common Stock   60000   $0   0   (8) D    
Options with right to buy   $0.50   10/25/2011     J   (5)       82500      (5)   (5) Common Stock   82500   $0   0   (8) D    
Options with right to buy   $1.00   9/20/2013     J   (5)       50000      (4)   (4) Common Stock   50000   $0   50000   (8) D    
Options with right to buy   $1.00   9/20/2014     J   (5)       25000      (5)   (5) Common Stock   25000   $0   25000   (8) D    
Options with right to buy   $1.00   9/20/2015     J   (5)       25000      (5)   (5) Common Stock   25000   $0   0   (8) D    
Common Stock Purchase Warrant   $0.73   12/31/2014     J   (6)       337500      (6)   (6) Common Stock   337500   $0   0   (8) D    
Common Stock Purchase Warrant   $1.00   6/27/2011     J   (6)       40000      (6)   (6) Common Stock   40000   $0   337500   (8) D    
Common Stock Purchase Warrant   $0.73   8/4/2014     J   (7)       1350000      (7) 8/4/2017   Common Stock   1350000   $0   0   D    
Common Stock Purchase Warrant   $0.50   5/3/2012     J   (7)       100000      (7) 5/3/2017   Common Stock   100000   $0   0   (8) D    
Common Stock Purchase Warrant   $0.50   5/3/2016     J   (7)       100000      (7) 5/3/2016   Common Stock   337500   $0   0   (8) D    

Explanation of Responses:
(1)  Shares acquired in connection with the Issuer's acquisition of WEBA Technology Corp. and Recovery Solutions & Technologies on December 27, 2016.
(2)  Shares held by the reporting person's wife.
(3)  The Restricted Stock Grant represents a contingent right to receive 1,000,000 shares of Issuer Common Stock.
(4)  The Restricted Stock Grant was granted in connection with the reporting person re-joining the Issuer on December 28, 2016, and vests upon the Issuer's common stock achieving a 30-day volume-weighted average price of $0.20.
(5)  Options with right to buy forfeited upon the reporting person's prior departure from the Issuer on January 31, 2016.
(6)  Common Stock Purchase Warrants forfeited in connection with the reporting person's prior departure from the Issuer on January 31, 2016.
(7)  Unexercised Common Stock Purchase Warrant expired.
(8)  The report reflects updated amounts of derivative securities held by the reporting person.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
GEIB RICHARD S
230 GILL WAY
ROCK HILL, SC 29730


EVP-Additives and Glycols

Signatures
/s/ Richard Geib 10/10/2017
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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