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Genie Energy Ltd. — Director's Dealing 2021
Feb 16, 2021
33029_dirs_2021-02-16_52171301-d9cc-4ef0-8c53-b6e357c27c4c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Genie Energy Ltd. (GNE)
CIK: 0001528356
Period of Report: 2021-02-11
Reporting Person: GOLDIN AVI (CFO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-11 | Deferred Stock Units | $ | A | 30000 | Acquired | 2022-02-10 | Class B Common Stock (30000) | Direct |
| 2021-02-11 | Deferred Stock Units | $ | A | 30000 | Acquired | 2022-02-10 | Class B Common Stock (30000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class B Common Stock, $.01 par value per share | 48859 | Direct |
| Class B Common Stock, $.01 par value per share | 1900 | Indirect |
| Class B Common Stock, $.01 par value per share | 400 | Indirect |
| Series 2012-A Preferred Stock, $.01 par value per share | 300 | Indirect |
Footnotes
F1: Includes 16,036 restricted shares which vest on August 1, 2021.
F2: Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 30,000 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 30,000 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.