NGAS Resources (NGAS)

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Insiders must have a grace period for filing the Form 4. 30 days or so, these filings always come later not before, when the selling or buying is occurring it comes as 2nd hand news.

Ngas Resources Inc - Statement of Changes in Beneficial Ownership (4)
Date : 09/03/2008 @ 10:37AM
Source : Edgar (US Regulatory)
Stock : Ngas Resources Inc (NGAS)
Quote : 5.14 -0.13 (-2.47%) @ 8:00PM


Ngas Resources Inc - Statement of Changes in Beneficial Ownership (4)




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 OF SECURITIES

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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(f) of the Investment Company Act of 1940






1. Name and Address of Reporting Person *

BARR WILLIAM G III 2. Issuer Name and Ticker or Trading Symbol

NGAS Resources Inc [ NGAS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
Vice President
(Last) (First) (Middle)

120 PROSPEROUS PLACE, SUITE 201 3. Date of Earliest Transaction (MM/DD/YYYY)

9/2/2008
(Street)

LEXINGTON, KY 40509
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)

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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 9/2/2008 S 708 (1) D $5.9625 269336 (2) D