Sec Form 4 Filing - Santilli Carla @ MAGNEGAS CORP - 2015-01-12

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Santilli Carla 2. Issuer Name and Ticker or Trading Symbol MAGNEGAS CORP [ MNGA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 150 RAINVILLE ROAD 3. Date of Earliest Transaction (MM/DD/YY) 01/12/2015 (Street) TARPON SPRINGS, FL34689 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common stock, par value $0.001 per share ( 1 ) ( 2 ) 01/12/2015 S 68,414 ( 3 ) D $ 0.707 ( 4 ) 5,327,379 D Common stock, par value $0.001 per share 01/13/2015 S 87,500 ( 3 ) D $ 0.767 ( 4 ) 5,239,879 D Common stock, par value $0.001 per share 01/14/2015 S 25,000 ( 3 ) D $ 0.96 ( 4 ) 5,214,879 D Common stock, par value $0.001 per share 01/23/2015 S 22,361 ( 3 ) D $ 0.631 ( 4 ) 5,192,518 D Common stock, par value $0.001 per share 01/26/2015 S 10,000 ( 3 ) D $ 0.64 ( 4 ) 5,182,518 D Common stock, par value $0.001 per share 01/27/2015 S 21,500 ( 3 ) D $ 0.63 ( 4 ) 5,160,018 D Common stock, par value $0.001 per share 01/28/2015 S 4,550 ( 3 ) D $ 0.648 ( 4 ) 5,156,468 D Common stock, par value $0.001 per share 01/30/2015 S 10,000 ( 3 ) D $ 0.64 ( 4 ) 5,146,468 D Common stock, par value $0.001 per share 02/02/2015 S 10,000 ( 3 ) D $ 0.65 ( 4 ) 5,136,468 D Common stock, par value $0.001 per share 02/05/2015 S 14,450 ( 3 ) D $ 0.7 ( 4 ) 5,122,018 D Common stock, par value $0.001 per share 02/06/2015 S 7,181 ( 3 ) D $ 0.71 ( 4 ) 5,114,837 D Common stock, par value $0.001 per share 02/09/2015 S 22,319 ( 3 ) D $ 0.7 ( 4 ) 5,092,518 D Common stock, par value $0.001 per share 03/19/2015 S 1,229 ( 3 ) D $ 0.807 ( 4 ) 5,091,289 D Common stock, par value $0.001 per share 03/20/2015 S 10,000 ( 3 ) D $ 0.81 ( 4 ) 5,081,289 D Common stock, par value $0.001 per share 03/20/2015 A 27,894 ( 5 ) A $ 0.717 5,109,183 D Common stock, par value $0.001 per share 03/23/2015 S 10,000 ( 3 ) D $ 0.861 ( 4 ) 5,099,183 D Common stock, par value $0.001 per share 03/24/2015 S 10,000 ( 3 ) D $ 0.831 ( 4 ) 5,089,183 D Common stock, par value $0.001 per share 03/25/2015 S 10,000 ( 3 ) D $ 0.82 ( 4 ) 5,079,183 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Santilli Carla 150 RAINVILLE ROAD TARPON SPRINGS, FL34689 X X Signatures /s/ Carla Santilli 03/27/2015 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reporting person is hereby disclosing a delinquent Form 4. As of December 31, 2014, the reporting person owned a total of 5,395,793 shares that included: (a) 2,307,829 shares held by Global Alpha, LLC, a privately owned company which is 50% owned by each of the reporting person and the reporting person's spouse, Ruggero Santilli; (b) 1,626,000 shares held by Global Beta, LLC, a privately owned company which is 50% owned by each of the reporting person and Ruggero Santilli; (c) 313,000 shares held by Clean Energies Tech Co., a private company which is 50% owned by Ruggero Santilli; (d) 270,000 shares held by the RM Santilli Foundation, a foundation which is 50% owned by the reporting person; (Continued Note 2) ( 2 )(e) 10,000 shares held in Ruggero Santilli's own name; (f) 525,000 shares of common stock underlying options held by Ruggero Santilli that are presently exercisable; (f) 43,964 shares held in the name of the reporting person; and (g) 300,000 shares of common stock underlying options held by the reporting person that are presently exercisable. This Form 4 does not disclose the transactions in the common stock of the Issuer in which the reporting person engaged from August 23, 2012, the date on which the reporting person filed her last Form 4, through December 31, 2014. ( 3 )Global Beta sold all of the shares of common stock reported in this Form 4 pursuant to a Rule 10b5-1 trading plan. ( 4 )The prices reported in Column 4 for the sales on January 12, January 13, January 14, January 23, January 26, January 27, January 28, January 30, February 2, February 5, February 6, February 9, March 19, March 20, March 23, March 24, and March 25 are weighted average sales prices. These shares were sold pursuant to the 10b5-1 trading plan in multiple transactions at prices ranging from $0.630 to $0.960, inclusive for the trades executed on those dates in January, February, and March. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. ( 5 )Acquired in the reporting person's own name pursuant to an award under the MagneGas Corporation 2014 Equity Incentive Award Plan for her services rendered as a member of the Board of Directors for the period of November 16, 2014 through February 15, 2015.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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