Filing Details

Accession Number:
0001144204-16-141097
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-12-23 06:01:37
Reporting Period:
2016-12-19
Filing Date:
2016-12-23
Accepted Time:
2016-12-23 06:01:37
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1353487 Magnegas Corp MNGA Special Industry Machinery, Nec (3559) 260250418
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1448450 Carla Santilli 11885 44Th Street North
Clearwater FL 33762
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.001 Per Share Disposition 2016-12-19 10,000 $0.49 3,339,337 No 4 S Indirect See Footnote
Common Stock, Par Value $0.001 Per Share Disposition 2016-12-20 10,000 $0.52 3,329,337 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
Footnotes
  1. 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.
  2. 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.