SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

Santilli Carla

(Last)

(First)

(Middle)

150 RAINVILLE ROAD

(Street)

TARPON SPRINGS

34689

(City)

(State)

(Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

	/s/ Carla Santilli	11/12/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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