Sec Form 4 Filing - Santilli Carla @ MAGNEGAS CORP - 2015-08-13

Insider filing report for Changes in Beneficial Ownership
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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)
08/13/2015
(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 08/13/2015 S 20,000 D $ 0.98 4,843,673 ( 1 ) ( 2 ) D
Common stock, par value $0.001 per share 08/17/2015 S 20,000 D $ 1.01 4,823,673 D
Common stock, par value $0.001 per share 08/18/2015 S 10,000 D $ 1.04 4,813,673 D
Common stock, par value $0.001 per share 08/19/2015 S 10,000 D $ 1.08 4,803,673 D
Common stock, par value $0.001 per share 08/21/2015 S 8,852 D $ 1.06 4,794,821 D
Common stock, par value $0.001 per share 08/24/2015 S 20,000 D $ 0.98 4,774,821 D
Common stock, par value $0.001 per share 08/26/2015 S 10,000 D $ 0.99 4,764,821 D
Common stock, par value $0.001 per share 08/28/2015 S 20,000 D $ 0.97 4,744,821 D
Common stock, par value $0.001 per share 08/31/2015 S 10,000 D $ 0.97 4,734,821 D
Common stock, par value $0.001 per share 09/01/2015 S 6,891 D $ 0.95 4,727,930 D
Common stock, par value $0.001 per share 10/09/2015 S 10,000 D $ 1.11 4,717,930 D
Common stock, par value $0.001 per share 10/12/2015 S 10,000 D $ 1.1 4,707,930 D
Common stock, par value $0.001 per share 10/13/2015 S 30,000 D $ 1.11 4,677,930 D
Common stock, par value $0.001 per share 10/14/2015 S 10,000 D $ 1.09 4,667,930 D
Common stock, par value $0.001 per share 10/15/2015 S 40,000 D $ 1.14 4,627,930 D
Common stock, par value $0.001 per share 10/16/2015 S 41,500 D $ 1.21 4,586,430 D
Common stock, par value $0.001 per share 10/19/2015 S 48,905 D $ 1.28 4,537,525 D
Common stock, par value $0.001 per share 10/20/2015 S 50,000 D $ 1.3 4,487,525 D
Common stock, par value $0.001 per share 10/21/2015 S 50,000 D $ 1.36 4,437,525 D
Common stock, par value $0.001 per share 10/22/2015 S 29,595 D $ 1.37 4,407,930 D
Common stock, par value $0.001 per share 10/23/2015 S 40,000 D $ 1.24 4,367,900 ( 3 ) 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 11/12/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person is hereby disclosing a delinquent Form 4. 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.
( 2 )This Form 4 also corrects an error in the Form 4 filed by the reporting person on March 30, 2015. The March 30 Form 4 reported that, as of December 31, 2014, Global Beta, LLC owned 1,626,000 shares. This was incorrect. As of December 31, 2014, Global Beta owned: (a) 1,626,000 restricted shares; and (b) 289,879 free trading shares held in a brokerage account. During 2015, the reporting person sold all 289,879 of these free trading shares pursuant to a Rule 10b5-1 trading plan, and, in addition, had the restrictive legend removed from 1,080,000 restricted shares via Rule 144 opinions, deposited these shares in Global Beta's brokerage account, and sold all of these shares pursuant to a Rule 10b5-1 trading plan. The 1,369,879 shares sold by the reporting person in 2015 have now all been reported in the calendar year 2015 Form 4s filed by the reporting person.
( 3 )As of November 12, 2015, the reporting person owns a total of 4,367,900 shares: (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) 546,000 restricted 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; . (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) 96,071 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.

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