0000919574-13-000694.txt : 20130208 0000919574-13-000694.hdr.sgml : 20130208 20130208160456 ACCESSION NUMBER: 0000919574-13-000694 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130208 DATE AS OF CHANGE: 20130208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAGNEGAS CORP CENTRAL INDEX KEY: 0001353487 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 260250418 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82791 FILM NUMBER: 13586820 BUSINESS ADDRESS: STREET 1: 150 RAINVILLE ROAD CITY: TARPON SPRINGS STATE: FL ZIP: 34689 BUSINESS PHONE: (727) 932-9593 MAIL ADDRESS: STREET 1: 35246 US 19 #311 CITY: PALM HARBOR STATE: FL ZIP: 34684 FORMER COMPANY: FORMER CONFORMED NAME: 4307 Inc DATE OF NAME CHANGE: 20060215 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MANCHESTER MANAGEMENT CO LLC CENTRAL INDEX KEY: 0001169253 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 2 INTERNATIONAL PL. STREET 2: 24TH FL. CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6178568995 MAIL ADDRESS: STREET 1: 2 INTERNATIONAL PL STREET 2: 24TH FL. CITY: BOSTON STATE: MA ZIP: 02110 SC 13G/A 1 d1357055_13g-a.htm d1357055_13g-a.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 
 
MagneGas Corporation
(Name of Issuer)
 
 
Common Stock, $0.001 par value
(Title of Class of Securities)
 
 
55939L202
(CUSIP Number)
 
 
December 31, 2012
(Date of Event Which Requires Filing of this Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[_]  Rule 13d-1(b)
 
[X]  Rule 13d-1(c)
 
[_]  Rule 13d-1(d)
 
__________
*           The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

 
 
 
 
CUSIP No.
55939L202
    
     
1.
NAME OF REPORTING PERSONS
  
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  
     
 
Manchester Management Company, LLC
  
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
  
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
  
     
 
Delaware
  
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
  
     
 
0
  
     
6.
SHARED VOTING POWER
  
     
 
1,250,539
  
     
7.
SOLE DISPOSITIVE POWER
  
     
 
0
  
     
8.
SHARED DISPOSITIVE POWER
  
     
 
1,250,539
  
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
1,250,539
  
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
  
 
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
     
 
6.2%
  
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
     
 
OO
  

 
 
 

 
CUSIP No.
55939L202
    
     
1.
NAME OF REPORTING PERSONS
  
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  
     
 
James E. Besser
  
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [X]
     
3.
SEC USE ONLY
  
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
  
     
 
United States of America
  
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
  
     
 
187,500
  
     
6.
SHARED VOTING POWER
  
     
 
1,250,539
  
     
7.
SOLE DISPOSITIVE POWER
  
     
 
187,500
  
     
8.
SHARED DISPOSITIVE POWER
  
     
 
1,250,539
  
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
1,438,039
  
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
  
 
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
  
     
 
7.2%
  
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
  
     
 
IN
  

 
 
 
 
CUSIP No.
55939L202
    
 
Item 1.
(a).
Name of Issuer:
  
       
   
MagneGas Corporation
  
 
 
(b).
Address of issuer's principal executive offices:
  
       
   
MagneGas Corporation
150 Rainville Road
Tarpon Springs, FL 34689
United States of America
  
 
Item 2.
(a).
Names of persons filing:
  
       
   
Manchester Management Company, LLC
James E. Besser
  
 
 
(b).
Address or principal business office or, if none, residence:
  
       
   
Manchester Management Company, LLC
131 Charles Street, 1st Floor
Boston, Massachusetts 02114
United States of America
 
James E. Besser
c/o Manchester Management Company, LLC
131 Charles Street, 1st Floor
Boston, Massachusetts 02114
United States of America
  
 
 
(c).
Citizenship:
  
       
   
Manchester Management Company, LLC – Delaware
James E. Besser – United States of America
  
 
 
(d).
Title of class of securities:
  
       
   
Common Stock, $0.001 par value
  
 
 
(e).
CUSIP No.:
  
       
   
55939L202
  
 
 
Item 3.
If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a
 
 
(a)
[_]
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
 
 
(b)
[_]
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
 
 
 
 
 
(c)
[_]
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
 
(d)
[_]
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
 
(e)
[_]
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
 
 
(f)
[_]
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
 
 
(g)
[_]
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
 
(h)
[_]
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
 
 
(i)
[_]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
 
(j)
[_]
A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
 
 
(k)
[_]
Group, in accordance with §240.13d-1(b)(1)(ii)(K).  If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
       
 
Item 4.
Ownership.
 
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
(a)
Amount beneficially owned:
     
   
Manchester Management Company, LLC – 1,250,539
James E. Besser – 1,438,039
 
 
(b)
Percent of class:
     
   
Manchester Management Company, LLC – 6.2%
James E. Besser – 7.2%
 
 
(c)
Number of shares as to which the person has:
     
   
(i)
Sole power to vote or to direct the vote
  
         
     
Manchester Management Company, LLC – 0
     
James E. Besser – 187,500
         
   
(ii)
Shared power to vote or to direct the vote
  
         
     
Manchester Management Company, LLC – 1,250,539
     
James E. Besser – 1,250,539
         
 
 
 
 
 
   
(iii)
Sole power to dispose or to direct the disposition of
  
         
     
Manchester Management Company, LLC – 0
     
James E. Besser – 187,500
         
   
(iv)
Shared power to dispose or to direct the disposition of
  
         
     
Manchester Management Company, LLC – 1,250,539
     
James E. Besser – 1,250,539
         
 
Item 5.
Ownership of Five Percent or Less of a Class.
 
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  [_].
   
 
Item 6.
Ownership of More Than Five Percent on Behalf of Another Person.
 
 
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified.  A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
 
 
The securities reported in this Schedule 13G which are beneficially owned by both Manchester Management Company, LLC and James E. Besser are owned by advisory clients of Manchester Management Company, LLC, none of which owns more than 5% of the class.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
 
If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary.  If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
 
N/A
 
Item 8.
Identification and Classification of Members of the Group.
 
 
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group.  If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
 
N/A
 
Item 9.
Notice of Dissolution of Group.
 
 
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity.  See Item 5.
 
N/A
 
Item 10.
Certification.
 
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
 
 
SIGNATURE
 
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
 
February 8, 2013
 
(Date)
   
   
   
 
MANCHESTER MANAGEMENT COMPANY, LLC
/s/ James E. Besser
 
(Signature)
   
   
 
James E. Besser, Managing Member
 
(Name/Title)
 
   
 
/s/ James E. Besser
 
(Signature)
   
   
   
 
James E. Besser
 
(Name/Title)
 
 
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
 
Note.  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.
 
Attention.  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
 

 
 
 
 
Exhibit A
 
 
AGREEMENT


 
The undersigned agree that this Amendment No. 1 to Schedule 13G dated February 8, 2013 relating to the Common Stock, $0.001 par value, of MagneGas Corporation shall be filed on behalf of the undersigned.


 
 
  
 
 
 
MANCHESTER MANAGEMENT COMPANY, LLC
/s/ James E. Besser
 
By:  James E. Besser, Managing Member
 
 
 
 
 
 
 
JAMES E. BESSER
 
/s/ James E. Besser
 
 
 
 
 
 
 
SK 02849 0008 1357055