SEC Form 4 · accession 0001209191-18-028531

Genie Energy Ltd. · GNE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Howard S Jonas

Officer — Chairman of the Board · Director · 10% Owner

Period of report

Apr 25, 2018

Accepted (ET)

May 8, 2018 · 4:02 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001528356

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class B Common Stock, par value $.01 per share	Apr 25, 2018	J	1,423,990	$0.00	D	610,272	I	By The Howard S. Jonas 2017 Annuity Trust
Class B Common Stock, par value $.01 per share	Apr 25, 2018	J	1,423,990	$0.00	A	2,322,908	D
Class B Common Stock, par value $.01 per share^F2	holding	—	—		—	1,579,337	I	By The Howard S. Jonas 2014 Annuity Trust
Class B Common Stock, par value $.01 per share^F3	holding	—	—		—	231,204	I	By Trust FBO Michael Jonas
Class B Common Stock, par value $.01 per share^F3	holding	—	—		—	302,486	I	By Trust FBO Samuel Jonas
Class B Common Stock, par value $.01 per share^F3	holding	—	—		—	419,223	I	By Trust FBO Joseph Jonas
Class B Common Stock, par value $.01 per share^F3	holding	—	—		—	417,247	I	By Trust FBO Tamar Jonas
Class B Common Stock, par value $.01 per share^F3	holding	—	—		—	418,526	I	By Trust FBO Rachel Jonas
Class B Common Stock, par value $.01 per share^F3	holding	—	—		—	421,321	I	By Trust FBO Leora Jonas
Class B Common Stock, par value $.01 per share^F3	holding	—	—		—	244,445	I	By Trust FBO David Jonas
Class B Common Stock, par value $.01 per share^F3	holding	—	—		—	418,461	I	By Trust FBO Jonathan Jonas
Class B Common Stock, par value $.01 per share^F3	holding	—	—		—	443,879	I	By Trust FBO Miriam Jonas
Class B Common Stock, par value $.01 per share	holding	—	—		—	1,556	I	Custodial for Son (Jonathan)
Class B Common Stock, par value $.01 per share	holding	—	—		—	1,556	I	Custodial for Daughter (Rachel)
Class B Common Stock, par value $.01 per share	holding	—	—		—	1,556	I	Custodial for Son (Joseph)
Class B Common Stock, par value $.01 per share	holding	—	—		—	1,556	I	Custodial for Daughter (Tamar)
Class B Common Stock, par value $.01 per share	holding	—	—		—	1,556	I	Custodial for Daughter (Miriam)
Class B Common Stock, par value $.01 per share	holding	—	—		—	275,047	I	By The Jonas Foundation
Class A Common Stock, par value $.01 per share	holding	—	—		—	1,574,326	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Employee Stock Option (Right to Buy)	$4.34	May 7, 2018	A	51,364	A	Feb 15, 2019	May 6, 2023	Class B Common Stock	51,364	D
Employee Stock Option (Right to Buy)	$4.34	May 7, 2018	A	51,364	A	Feb 15, 2020	May 6, 2023	Class B Common Stock	51,364	D
Employee Stock Option (Right to Buy)	$4.34	May 7, 2018	A	51,364	A	Feb 15, 2021	May 6, 2023	Class B Common Stock	51,364	D
Employee Stock Option (Right to Buy)	$4.34	May 7, 2018	A	51,364	A	Feb 15, 2022	May 6, 2023	Class B Common Stock	51,364	D
Employee Stock Option (Right to Buy)	$4.34	May 7, 2018	A	51,362	A	Feb 15, 2023	May 6, 2023	Class B Common Stock	51,362	D

Explanation of responses

F1The Reporting Person transferred these shares from the Howard S. Jonas 2017 Annuity Trust to his own direct holdings.
F2Includes 600,000 restricted shares that vest on December 31, 2018.
F3These 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.