Genie Energy Ltd. — Director's Dealing 2012

Mar 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2012-03-16

Reporting Person: PUPKIN CLAUDE (CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-16	Class B Common Stock, $.01 par value per share	P	5350	$9.42	Acquired	6420	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, $.01 par value per share	84456	Direct

Footnotes

F1: Includes 73,463 unvested shares of the Company's Class B Common Restricted Stock of which 18,000 shares vest on each of January 5, 2013 and January 5, 2014, 12,488 shares vest on each of November 3, 2012 and November 3, 2013 and 12,487 of which vest on November 3, 2014.

F2: Includes 1,070 shares previously owned through a 401(k) plan that were rolled over into an Individual Retirement Account on March 7, 2012.

F3: The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $9.34 to $9.49, inclusive. The reporting person undertakes to provide Genie Energy, Ltd., any security holder of Genie Energy, Ltd., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.