Howard S. Jonas - Feb 11, 2022 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role
Director
Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
GNE
Transactions as of
Feb 11, 2022
Transactions value $
$0
Form type
4
Date filed
2/14/2022, 01:17 PM
Previous filing
Aug 5, 2022
Next filing
Mar 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNE Class B Common Stock, par value $.01 per share 180K Feb 11, 2022 Direct F1
holding GNE Class B Common Stock, par value $.01 per share 1M Feb 11, 2022 By HSJ 2020 IDT Annuity Trust
holding GNE Class B Common Stock, par value $.01 per share 85.5K Feb 11, 2022 By HSJ 2019 Genie Remainder Trust
holding GNE Class B Common Stock, par value $.01 per share 625K Feb 11, 2022 By HSJ 2020 Genie Annuity Trust
holding GNE Class B Common Stock, par value $.01 per share 1.56K Feb 11, 2022 By Daughter (Miriam)
holding GNE Class B Common Stock, par value $.01 per share 275K Feb 11, 2022 By The Jonas Foundation

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GNE Deferred Stock Unit Award $0 +110K $0.00 110K Feb 11, 2022 Class B Common Stock 110K Direct F2, F3
transaction GNE Deferred Stock Units Award $0 +110K $0.00 110K Feb 11, 2022 Class B Common Stock 110K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 80,398 shares held directly, 33,334 shares of vested restricted stock, and 66,666 shares of unvested restricted stock, 33,333 shares of which shall vest on each of January 5, 2023 and January 5, 2024.
F2 Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 110,000 restricted shares of the Issuer'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, 2023 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 110,000 restricted shares of the Issuer'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, 2023 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.