Genie Energy Ltd. — Director's Dealing 2013

Mar 13, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2013-03-11

Reporting Person: GREENSTEIN IRA A (President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-11	Employee Stock Option (right to buy)	$6.85	D	3556	Disposed	2013-06-15	Class B Common Stock (3556)	Direct
2013-03-11	Employee Stock Option (right to buy)	$6.85	A	3556	Acquired	2014-06-15	Class B Common Stock (3556)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	47818	Direct

Footnotes

F1: Consists of 8,832 unvested shares of the Company's Class B Common Restricted Stock of which 6,666 vest on January 5, 2014 and 1,083 vest on each of November 3, 2013 and November 3, 2014 and 38,986 shares of the Company's Class B Common Stock held by Mr. Greenstein directly.

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 grangted on November 3, 2011 and vested immediately.