Genie Energy Ltd. — Director's Dealing 2011

Nov 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2011-10-28

Reporting Person: JONAS HOWARD S (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-28	CLASS A COMMON STOCK	J	1574326	—	Disposed	1574326	Indirect
2011-10-28	CLASS B COMMON STOCK	J	21143970	—	Disposed	4841002	Indirect
2011-10-28	CLASS B COMMON STOCK	J	2088624	—	Acquired	2088624	Direct
2011-10-28	CLASS B COMMON STOCK	J	1509	—	Acquired	1509	Indirect
2011-10-28	CLASS B COMMON STOCK	J	121090	—	Acquired	121090	Indirect
2011-10-28	CLASS B COMMON STOCK	J	121090	—	Acquired	121090	Indirect
2011-10-28	CLASS B COMMON STOCK	J	121090	—	Acquired	121090	Indirect
2011-10-28	CLASS B COMMON STOCK	J	121090	—	Acquired	121090	Indirect
2011-10-28	CLASS B COMMON STOCK	J	121090	—	Acquired	121090	Indirect
2011-10-28	CLASS B COMMON STOCK	J	121090	—	Acquired	121090	Indirect
2011-10-28	CLASS B COMMON STOCK	J	121090	—	Acquired	121090	Indirect
2011-10-28	CLASS B COMMON STOCK	J	121090	—	Acquired	121090	Indirect
2011-10-28	CLASS B COMMON STOCK	J	76369	—	Acquired	76369	Indirect
2011-10-28	CLASS B COMMON STOCK	J	1556	—	Acquired	1556	Indirect
2011-10-28	CLASS B COMMON STOCK	J	1556	—	Acquired	1556	Indirect
2011-10-28	CLASS B COMMON STOCK	J	1556	—	Acquired	1556	Indirect
2011-10-28	CLASS B COMMON STOCK	J	1556	—	Acquired	1556	Indirect
2011-10-28	CLASS B COMMON STOCK	J	1556	—	Acquired	1556	Indirect
2011-10-28	CLASS B COMMON STOCK	J	388716	—	Acquired	388716	Indirect
2011-10-28	CLASS B COMMON STOCK	J	1309284	—	Acquired	1309284	Indirect
2011-10-28	CLASS A COMMON STOCK	J	1476229	—	Acquired	1476229	Direct
2011-10-28	CLASS A COMMON STOCK	J	98097	—	Acquired	98097	Indirect

Footnotes

F1: Consists entirely of shares that were owned by IDT Corporation that may have been deemed beneficially owned by Mr. Jonas by virtue of his voting control of IDT Corporation. Mr. Jonas disclaimed beneficial ownership of these shares. IDT Corporation distributed these shares to its stockholders on a pro rata basis.

F2: In connection with IDT Corporation's pro rata spin-off of the Registrant's shares, Mr. Jonas, and entities deemed beneficially owned by Mr. Jonas, received stock of the Registrant. This number reflects a total number of shares beneficially owned by Mr. Jonas both directly and indirectly as further detailed in the balance of the transactions on this form.

F3: As of October 28, 2011.

F4: These shares are held in trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is the trustee of the trust. Mr. Jonas does not exercise or share investment control of these shares.