Santilli, Ermanno 4
4 · MAGNEGAS CORP · Filed Mar 14, 2018
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.