SEC Form 4 · accession 0001144204-16-123828
TARONIS TECHNOLOGIES, INC. · MNGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William W Staunton III
Director
Period of report
Sep 13, 2016
Accepted (ET)
Sep 14, 2016 · 10:34 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001353487
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1,F2 | Sep 13, 2016 | A | 64,516 | $0.62 | A | 178,172 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Acquired 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.
- F2The 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.