Home > Insider Trading > Filing (0001144204-16-141097)

Filing Details

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

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.
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.