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- -------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287
LONGER SUBJECT TO EXPIRES: SEPTEMBER 30, 1998
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
(Print or Type Responses)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
Recycling Industries, Inc. to Issuer (Check all applicable)
Wiens, Thomas J. ("RECY") X Director X 10% Owner
---- ----
- --------------------------------------------------------------------------------------------- X Officer (give Other
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- title ---- (specify
Number of Reporting Month/Year below) below
9780 South Meridian Blvd. Person (Voluntary) Chief Executive Officer
Suite 180 April 1998 ---------------------------
- -------------------------------------------- --------------------- 7. Individual or Joint/Group Filing
(Street) 5. If Amendment, (Check Applicable Line)
Date of Original x Form filed by One Reportng Person
Englewood CO 80112 ###-##-#### (Month/Year) ---
---Form filed by More than One
Reporting Person
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(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
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Common Stock, $.001 par value 4/07/98 M 300,000 A $2.87
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Common Stock, $.001 par value 4/07/98 M 1,206,667 A $1.25
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Common Stock, $.001 par value 4/07/98 M 603,333 A $1.25 4,165,025 D
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Common Stock, $.001 par value 227,414 I (1)
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Common Stock, $.001 par value 1,664 I (2)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). SEC 1474 (7-97)
POTENTIAL PERSONS WHO ARE TO 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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FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
--------------------
Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
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Stock Option (right to buy) $2.87 11/17/97 A 300,000 11/17/97 12/26/00
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Stock Option (right to buy) $1.25 4/07/98 A 1,206,667 4/7/98(3) 4/30/07
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Stock Option (right to buy) $1.25 4/07/98 A 603,333 4/7/98(4) 4/30/07
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Stock Option (right to buy) $2.87 4/07/98 M 300,000 11/17/97 12/26/00
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Stock Option (right to buy) $1.25 4/07/98 M 1,206,667 4/7/98 4/30/07
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Stock Option (right to buy) $1.25 4/07/98 M 603,333 4/7/98 4/30/07
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7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Nature
lying Securities of of Deriv- ship of In-
(Instr. 3 and 4) Deriv- ative Form direct
ative Securi- of De- Bene-
Secur- ties rivative ficial
ity Bene- Secu- Own-
(Instr. ficially rity: ership
5) Owned Direct (Instr. 4)
at End (D) or
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
<S> <C> <C> <C> <C>
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Common Stock 300,000 D
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Common Stock 1,206,667 D
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Common Stock 603,333 D
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Common Stock 300,000 0 D
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Common Stock 1,206,667 0 D
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Common Stock 603,333 0 D
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Explanation of Responses:
(1) Shares owned by First Dominion Holdings, Inc., a company owned and controlled by the
Reporting Person.
(2) Shares owned by Real Heroes, Inc., a not-for-profit company controlled by the Reporting
Person
(3) On April 30, 1997, the Reporting Person was granted an option to purchase
1,206,667 shares of common stock. The option vests upon the satisfaction of
certain performance criteria which were met effective April 7, 1998.
(4) On April 30, 1997, the Reporting Person was granted an option to purchase
603,333 shares of common stock. The option vests upon the satisfaction of
certain performance criteria which were met effective April 7, 1998.
/s/ Thomas J. Weins April 30, 1998
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**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
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.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
SEC 1474 (7-97)
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