Genie Energy Ltd. — Director's Dealing 2011

Nov 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2011-11-03

Reporting Person: PUPKIN CLAUDE (CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-03	Class B Common Stock, $.01 par value per share	A	37463	—	Acquired	91463	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-03	Employee Stock Option (right to buy)	$6.85	A	889	Acquired	2017-04-23	Class B Common Stock (889)	Direct
2011-11-03	Employee Stock Option (right to buy)	$6.85	A	2074	Acquired	2017-11-06	Class B Common Stock (2074)	Direct
2011-11-03	Employee Stock Option (right to buy)	$6.85	A	37463	Acquired	2021-11-02	Class B Common Stock (37463)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, $.01 par value per share	1071	Indirect

Footnotes

F1: Grant of Restricted Stock that vests as follows: 12,487 shares on November 3, 2012 and 12,488 shares on each of November 3, 2013 and November 3, 2014.

F2: Includes 54,000 shares of restricted stock received by Mr. Pupkin by virtue of Mr. Pupkin's ownership of IDT Corporation Restricted Stock in connection with IDT Corporation's pro-rata spinoff of the Registrant. These shares vest as follows: 18,000 on each of January 5, 2012, January 5, 2013 and January 5, 2014.

F3: As of November 2, 2011.

F4: The options vest as follows: 12,487 options on November 3, 2012 and 12,488 options on each of November 3, 2013 and November 3, 2014.