SEC Form 4 · accession 0001493152-18-003374
TARONIS TECHNOLOGIES, INC. · MNGA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ermanno Santilli
Officer — Chief Executive Officer · Director
Period of report
Mar 13, 2018
Accepted (ET)
Mar 14, 2018 · 8:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001353487
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionF2 | $0.93 | Mar 13, 2018 | A | 50,000 | A | Mar 13, 2018 | Mar 13, 2028 | Common stock, par value $0.001 | 50,000 | 58,695 | D |
| Common Stock OptionF2,F1 | $0.93 | Mar 13, 2018 | A | 50,000 | A | — | Mar 13, 2028 | Common stock, par value $0.001 | 50,000 | 108,695 | D |
Explanation of responses
- F150,000 common stock options shall vest in an amount equal to 1/24th per month for a period of 24 months with the first vesting date being April 13, 2018 and continuing each month thereafter on that date until fully vested.
- F2Consists of 2,178 restricted shares held in Mr. Santilli's own name; 167 restricted shares held by MagneGas Arc Applied Solutions Europe, a privately owned company whose address is Rue Aux Fleurs 1, Brussels 1000 Belgium, of which Mr. Santilli owns more than 50%; 1,800 restricted shares held by the RM Santilli Foundation, a foundation of which Mr. Santilli controls 50%; and 54,550 shares of common stock underlying options held by Mr. Santilli that are presently exercisable and 50,000 common stock options which are exercisable subject to a vesting schedule.