AI assistant
Genie Energy Ltd. — Director's Dealing 2021
Feb 16, 2021
33029_dirs_2021-02-16_7b3a326c-5e2d-477a-a602-7fe8017be18f.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2021-02-11
Reporting Person: STEIN MICHAEL M (CHIEF EXECUTIVE OFFICER)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-11 | Deferred Stock Units | $ | A | 90000 | Acquired | 2022-02-10 | Class B Common Stock (90000) | Direct |
| 2021-02-11 | Deferred Stock Units | $ | A | 90000 | Acquired | 2022-02-10 | Class B Common Stock (90000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class B Common Stock, par value $.01 per share | 306985 | Direct |
| Class B Common Stock, par value $.01 per share | 1556 | Indirect |
Footnotes
F1: Consists of 148,641 fully vested restricted shares of Class B Common Stock; 1,000 shares of Class B Common Stock held directly; and 157,344 unvested restricted shares of Class B Common Stock, 52,448 shares of which shall vest on each of November 4, 2021, November 4, 2022 and November 4, 2023.
F2: Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 90,000 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.
F3: 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.
F4: Each DSU entitles the Reporting Person to a grant of 90,000 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 $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.
F5: 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.