SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

JONAS HOWARD S

(Last)

(First)

(Middle)

C/O GENIE ENERGY LTD.

520 BROAD STREET

(Street)

NEWARK

07102

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Genie Energy Ltd. [ GNE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2012

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
CLASS B COMMON STOCK	03/16/2012		P		52,000	A	$9.9⁽⁴⁾	2,195,624⁽¹⁾	D
CLASS B COMMON STOCK								1,438⁽²⁾	I	By 401(k) Plan
CLASS B COMMON STOCK								121,090	I	By Trust FBO Joseph Jonas⁽³⁾
CLASS B COMMON STOCK								121,090	I	By Trust FBO Tamar Jonas⁽³⁾
CLASS B COMMON STOCK								121,090	I	By Trust FBO Rachel Jonas⁽³⁾
CLASS B COMMON STOCK								121,090	I	By Trust FBO Leora Jonas⁽³⁾
CLASS B COMMON STOCK								121,090	I	By Trust FBO David Jonas⁽³⁾
CLASS B COMMON STOCK								121,090	I	By Trust FBO Michael Jonas⁽³⁾
CLASS B COMMON STOCK								121,090	I	By Trust FBO Samuel Jonas⁽³⁾
CLASS B COMMON STOCK								121,090	I	By Trust FBO Jonathan Jonas⁽³⁾
CLASS B COMMON STOCK								76,369	I	By Trust FBO Miriam Jonas⁽³⁾
CLASS B COMMON STOCK								1,556	I	Custodial for Son (Jonathan)
CLASS B COMMON STOCK								1,556	I	Custodial for Daughter (Rachel)
CLASS B COMMON STOCK								1,556	I	Custodial for Son (Joseph)
CLASS B COMMON STOCK								1,556	I	Custodial for Daughter (Tamar)
CLASS B COMMON STOCK								1,556	I	Custodial for Daughter (Miriam)
CLASS B COMMON STOCK								388,716	I	By Howard S. Jonas 2009 Annuity Trust I
CLASS B COMMON STOCK								1,309,284	I	By Howard S. Jonas 2009 Annuity Trust II
CLASS A COMMON STOCK								1,476,229	D
CLASS A COMMON STOCK								98,097	I	By Howard S. Jonas 2009 Annuity Trust I

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes the following: (a) 608,246 restricted shares of Class B Common Stock that vest on December 31, 2013; (b) 883,333 restricted shares of Class B Common Stock that vest on December 31, 2013; and (c) 55,000 restricted shares of Class B Common Stock that vest as follows: 18,333 shares on each of November 3, 2012 and November 3, 2013 and 18,334 shares on November 3, 2014.

2. As of February 29, 2012.

3. These shares are held in trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is the trustee of the trust. Mr. Jonas does not exercise or share investment control of these shares.

4. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions ranging from $9.67 to $9.99, inclusive. The reporting person undertakes to provide Genie Energy, Ltd., any security holder of Genie Energy, Ltd., or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

	Joyce J. Mason, by Power of Attorney	03/19/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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