Genie Energy Ltd. — Director's Dealing 2014

Mar 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2014-03-10

Reporting Person: GREENSTEIN IRA A (President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-10	Employee Stock Option (right to buy)	$6.85	D	3556	Disposed	2014-06-15	Class B Common Stock (3556)	Direct
2014-03-10	Employee Stock Option (right to buy)	$6.85	A	3556	Acquired	2015-06-15	Class B Common Stock (3556)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	108903	Direct

Footnotes

F1: Consists of 22,929 unvested shares of the Company's Class B Common Restricted Stock of which 1,083 vest on November 3, 2014; 7, 282 on each of January 9, 2015, January 9, 2016 and January 9, 2017; and 85,974 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 granted on November 3, 2011, vested immediately and the expiration date was subsequently extended on March 11, 2013 until June 15, 2014.