0001144204-16-123791.txt : 20160913
0001144204-16-123791.hdr.sgml : 20160913
20160913195341
ACCESSION NUMBER: 0001144204-16-123791
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160913
FILED AS OF DATE: 20160913
DATE AS OF CHANGE: 20160913
ISSUER:
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
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Santilli Carla
CENTRAL INDEX KEY: 0001448450
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35586
FILM NUMBER: 161883930
MAIL ADDRESS:
STREET 1: 90 EASTWINDS CT.
CITY: PALM HARBOR
STATE: FL
ZIP: 34683
4
1
v448778_4.xml
OWNERSHIP DOCUMENT
X0306
4
2016-09-13
0
0001353487
MAGNEGAS CORP
MNGA
0001448450
Santilli Carla
11885 44TH STREET NORTH
CLEARWATER
FL
33762
1
0
0
0
Common Stock, par value $0.001 per share
2016-09-13
4
A
0
129032
0.62
A
3659458
D
Acquired pursuant to an award under the MagneGas Corporation Amended and Restated 2014 Equity Incentive Award Plan (the "Amended 2014 Plan") for her services rendered as a member of the Issuer's Board of Directors (the "Board") for the period of May 15, 2015 through May 14, 2016.
The Board approved the award on August 4, 2016 pursuant to Sections 9.6 and 12.1 of the Amended 2014 Plan. Pursuant to Section 9.6, the cost basis of these shares is based on the closing sales price quoted on the NASDAQ Capital Market on the 15th of the month following the date of the Board's resolutions. While the shares are being issued by the Issuer's transfer agent on September 13, 2016, the cost basis is the August 15, 2016 $0.62 closing price.
As of 5:00 PM Eastern Time on September 13, 2016, the reporting person owned a total of 3,659,458 shares: (a) 1,636,719 restricted shares held by Global Alpha; (b) 186,000 restricted shares held by Global Beta; (c) 193,636 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.
/s/ Carla Santilli
2016-09-13