Avi Goldin - Feb 11, 2022 Form 4 Insider Report for Genie Energy Ltd. (GNE)

Role
CFO
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, 01:20 PM
Previous filing
Sep 17, 2021
Next filing
Aug 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNE Class B Common Stock, $.01 par value per share 98.5K Feb 11, 2022 Direct F1
holding GNE Class B Common Stock, $.01 par value per share 1.9K Feb 11, 2022 By Individual Retirement Account
holding GNE Class B Common Stock, $.01 par value per share 400 Feb 11, 2022 By Wife's 401(k) Plan
holding GNE Series 2012-A Preferred Stock, $.01 par value per share 300 Feb 11, 2022 By Wife's 401(k) Plan

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 Units Award $0 +30K $0.00 30K Feb 11, 2022 Class B Common Stock 30K Direct F2, F3
transaction GNE Deferred Stock Units Award $0 +30K $0.00 30K Feb 11, 2022 Class B Common Stock 30K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 43,740 shares of Restricted Stock vesting as follows: 14,580 on each of August 3, 2022, August 3, 2023 and August 3, 2024.
F2 Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 30,000 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 day trading 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 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 day trading average closing price of $10.84 or greater not occur, in which case no shares of restricted stock shall be granted.