Genie Energy Ltd. — Director's Dealing 2012

Mar 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2012-03-07

Reporting Person: GREENSTEIN IRA A (President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-07	Employee Stock Option (right to buy)	$6.85	D	3556	Disposed	2012-04-15	Class B Common Stock (3556)	Direct
2012-03-07	Employee Stock Option (right to buy)	$6.85	A	3556	Acquired	2013-06-15	Class B Common Stock (3556)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	50673	Direct
Class B Common Stock, par value $.01 per share	1388	Indirect

Footnotes

F1: Consists of 16,583 unvested shares of the Company's Class B Common Restricted Stock and 34,090 shares of the Company's Class B Common Stock held by Mr. Greenstien directly.

F2: As of February 29, 2012.

F3: 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.