Genie Energy Ltd. — Director's Dealing 2011

Dec 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2011-12-08

Reporting Person: ROCHWARGER GEOFFREY (Vice Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-08	Employee Stock Option (right to buy)	$6.85	D	889	Disposed	2011-12-13	Class B Common Stock (889)	Direct
2011-12-08	Employee Stock Option (right to buy)	$6.85	A	889	Acquired	2012-04-15	Class B Common Stock (889)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, $.01 par value per share	37476	Direct

Footnotes

F1: Includes Restricted Stock that vests as follows: 12,487 shares on November 3, 2012 and 12,488 shaers on each of November 3, 2013 and November 3, 2014. Mr. Rochwarger will also receive 18,000 shares of Class B Common Stock on each of January 5, 2012, January 5, 2013 and January 5, 2014 for a total of 54,000 shares in connection with IDT Corporation's pro-rata spinoff of the Registrant. Such shares will be issued pursuant to a Separation Agreement between IDT Corporation and the Registrant in conjunction with a Deferred Stock Agreement between Mr. Rochwarger and IDT Corporation under which upon the occurrence of certain events Mr. Rochwarger will be granted 18,000 shares of IDT Corporation Class B Common Stock on each of January 5, 2012, January 5, 2013 and January 5, 2014.

F2: The two reported transactions involved an amendment of an outstanding option to extend the expiration date, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on November 3, 2011 and vested immediately.