4//SEC Filing
MAGNEGAS CORP 4
Accession 0001144204-16-141097
CIK 0001353487operating
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 6:01 AM ET
Size
8.0 KB
Accession
0001144204-16-141097
Insider Transaction Report
Form 4
MAGNEGAS CORPMNGA
Santilli Carla
Director10% Owner
Transactions
- Sale
Common stock, par value $0.001 per share
2016-12-19$0.49/sh−10,000$4,900→ 3,339,337 total(indirect: See Footnote) - Sale
Common stock, par value $0.001 per share
2016-12-20$0.52/sh−10,000$5,150→ 3,329,337 total(indirect: See Footnote)
Footnotes (2)
- [F1]Global Beta, LLC ("Global Beta"), a privately owned company which is 50% owned by each of the reporting person and Ruggero Santilli (the reporting person's spouse) sold all of the shares of common stock of the issuer reported in this Form 4 pursuant to a Rule 10b5-1 trading plan. Global Alpha, LLC ("Global Alpha") is also a privately owned company which is 50% owned by each of the reporting person and Ruggero Santilli and it also owns shares of the issuer.
- [F2]As of 5:00 PM Eastern Time on December 22, 2016, the reporting person owned a total of 3,329,337 shares: (a) 1,636,719 restricted shares held by Global Alpha; (b) 34,000 restricted shares held by Global Beta; (c) 15,515 free-trading shares held by Global Beta in its brokerage account whose shares are sold pursuant to a Rule 10b5-1 trading plan; (d) 313,000 restricted shares held by Clean Energies Tech Co., a private company which is 50% owned by Ruggero Santilli; (e) 270,000 restricted shares held by the RM Santilli Foundation, a foundation which is 50% owned by the reporting person; (f) 10,000 restricted shares held in Ruggero Santilli's own name; (g) 525,000 shares of common stock underlying options held by Ruggero Santilli that are presently exercisable; (h) 225,103 shares (205,352 free-trading and 19,751 restricted) held in the name of the reporting person; and (i) 300,000 shares of common stock underlying options held by the reporting person that are presently exercisable.
Documents
Issuer
MAGNEGAS CORP
CIK 0001353487
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001353487
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 6:01 AM ET
- Size
- 8.0 KB