Genie Energy Ltd. — Director's Dealing 2018

May 8, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2018-04-25

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
2018-04-25	Class B Common Stock, par value $.01 per share	J	1423990	$0.00	Disposed	610272	Indirect
2018-04-25	Class B Common Stock, par value $.01 per share	J	1423990	$0.00	Acquired	2322908	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-07	Employee Stock Option (Right to Buy)	$4.34	A	51364	Acquired	2023-05-06	Class B Common Stock (51364)	Direct
2018-05-07	Employee Stock Option (Right to Buy)	$4.34	A	51364	Acquired	2023-05-06	Class B Common Stock (51364)	Direct
2018-05-07	Employee Stock Option (Right to Buy)	$4.34	A	51364	Acquired	2023-05-06	Class B Common Stock (51364)	Direct
2018-05-07	Employee Stock Option (Right to Buy)	$4.34	A	51364	Acquired	2023-05-06	Class B Common Stock (51364)	Direct
2018-05-07	Employee Stock Option (Right to Buy)	$4.34	A	51362	Acquired	2023-05-06	Class B Common Stock (51362)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	1579337	Indirect
Class B Common Stock, par value $.01 per share	231204	Indirect
Class B Common Stock, par value $.01 per share	302486	Indirect
Class B Common Stock, par value $.01 per share	419223	Indirect
Class B Common Stock, par value $.01 per share	417247	Indirect
Class B Common Stock, par value $.01 per share	418526	Indirect
Class B Common Stock, par value $.01 per share	421321	Indirect
Class B Common Stock, par value $.01 per share	244445	Indirect
Class B Common Stock, par value $.01 per share	418461	Indirect
Class B Common Stock, par value $.01 per share	443879	Indirect
Class B Common Stock, par value $.01 per share	1556	Indirect
Class B Common Stock, par value $.01 per share	1556	Indirect
Class B Common Stock, par value $.01 per share	1556	Indirect
Class B Common Stock, par value $.01 per share	1556	Indirect
Class B Common Stock, par value $.01 per share	1556	Indirect
Class B Common Stock, par value $.01 per share	275047	Indirect
Class A Common Stock, par value $.01 per share	1574326	Direct

Footnotes

F1: The Reporting Person transferred these shares from the Howard S. Jonas 2017 Annuity Trust to his own direct holdings.

F2: Includes 600,000 restricted shares that vest on December 31, 2018.

F3: These shares are held in trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is trustee of the trust. Mr. Jonas disclaims beneficial ownership of these shares and does not exercise or share voting or dispositive power or investment control of these shares and has no pecuniary interest in these shares.