4//SEC Filing
MAGNEGAS CORP 4
Accession 0001144204-16-123987
CIK 0001353487operating
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 9:25 PM ET
Size
5.4 KB
Accession
0001144204-16-123987
Insider Transaction Report
Form 4
MAGNEGAS CORPMNGA
Dingess, Robert L.
Director
Transactions
- Award
Common Stock, par value $0.001 per share
2016-09-13$0.62/sh+64,516$40,000→ 854,653 total
Footnotes (2)
- [F1]Acquired pursuant to an award under the MagneGas Corporation Amended and Restated 2014 Equity Incentive Award Plan (the "Amended 2014 Plan") for his 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.
- [F2]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.
Documents
Issuer
MAGNEGAS CORP
CIK 0001353487
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001353487
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 9:25 PM ET
- Size
- 5.4 KB