4//SEC Filing
Santilli, Ermanno 4
Accession 0001493152-18-003374
CIK 0001353487other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 8:15 PM ET
Size
8.2 KB
Accession
0001493152-18-003374
Insider Transaction Report
Form 4
MAGNEGAS CORPMNGA
Santilli, Ermanno
DirectorCEO10% Owner
Transactions
- Award
Common Stock Option
2018-03-13$0.93/sh+50,000$46,500→ 58,695 totalExercise: $0.93From: 2018-03-13Exp: 2028-03-13→ Common stock, par value $0.001 (50,000 underlying) - Award
Common Stock Option
2018-03-13$0.93/sh+50,000$46,500→ 108,695 totalExercise: $0.93Exp: 2028-03-13→ Common stock, par value $0.001 (50,000 underlying)
Footnotes (2)
- [F1]50,000 common stock options shall vest in an amount equal to 1/24th per month for a period of 24 months with the first vesting date being April 13, 2018 and continuing each month thereafter on that date until fully vested.
- [F2]Consists of 2,178 restricted shares held in Mr. Santilli's own name; 167 restricted shares held by MagneGas Arc Applied Solutions Europe, a privately owned company whose address is Rue Aux Fleurs 1, Brussels 1000 Belgium, of which Mr. Santilli owns more than 50%; 1,800 restricted shares held by the RM Santilli Foundation, a foundation of which Mr. Santilli controls 50%; and 54,550 shares of common stock underlying options held by Mr. Santilli that are presently exercisable and 50,000 common stock options which are exercisable subject to a vesting schedule.
Documents
Issuer
MAGNEGAS CORP
CIK 0001353487
Entity typeother
Related Parties
1- filerCIK 0001449633
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 8:15 PM ET
- Size
- 8.2 KB