Genie Energy Ltd. — Director's Dealing 2021

Feb 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2021-02-11

Reporting Person: JONAS HOWARD S (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-11	Class B Common Stock, par value $.01 per share	A	19555	$8.31	Acquired	119555	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-11	Deferred Stock Units	$	A	110000	Acquired	2022-02-10	Class B Common Stock (110000)	Direct
2021-02-11	Deferred Stock Units	$	A	110000	Acquired	2022-02-10	Class B Common Stock (110000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock, par value $.01 per share	1066090	Indirect
Class B Common Stock, par value $.01 per share	625065	Indirect
Class B Common Stock, par value $.01 per share	1556	Indirect
Class B Common Stock, par value $.01 per share	275047	Indirect

Footnotes

F1: Grant of Restricted Shares that vests in full immediately.

F2: Consists of 19,555 shares of fully vested restricted stock and 100,000 shares of unvested restricted stock that vest as follows: 33,334 shares to vest on January 5, 2022 and 33,333 shares to vest on each of January 5, 2023 and January 5, 2024.

F3: Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 110,000 restricted shares of the Registrant's Class B common stock the business day following the date the stock has a 30 trading day average closing price of $9.04 or greater. Should the restricted stock be granted, the shares shall vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date.

F4: The DSUs will expire on February 10, 2022 should the 30 trading day average closing price of $9.04 or greater not occur, in which case no shares of restricted stock shall be granted.

F5: Each DSU entitles the Reporting Person to a grant of 110,000 restricted shares of the Registrant's Class B common stock the business day following the date the stock has 30 trading day average closing price of $10.84 or greater. Should the restricted stock be granted, the shares shall vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date.

F6: The DSUs will expire on February 10, 2022 should the 30 trading day average closing price of $10.84 or greater not occur, in which case no shares of restricted stock shall be granted.