Filing Details
- Accession Number:
- 0001144204-16-100692
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-05-11 11:46:56
- Reporting Period:
- 2016-05-06
- Filing Date:
- 2016-05-11
- Accepted Time:
- 2016-05-11 11:46:56
- 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 | 2016-05-06 | 12,900 | $1.02 | 3,763,557 | No | 4 | S | Direct | |
Common Stock, Par Value $0.001 Per Share | Disposition | 2016-05-10 | 10,000 | $1.01 | 3,753,557 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | S | Direct |
Footnotes
- Global Beta, LLC, 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 reported in this Form 4 pursuant to a Rule 10b5-1 trading plan.
- As of 5:00 PM Eastern Time on May 10, 2016, the reporting person owns a total of 3,753,557 shares: (a) 1,636,719 restricted shares held by Global Alpha; (b) 417,110 restricted shares held by Global Beta; (c) 185,657 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) 96,071 shares (76,320 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.