SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

GREENSTEIN IRA A

(Last)

(First)

(Middle)

C/O GENIE ENERGY LTD.

550 BROAD STREET

(Street)

NEWARK

07102

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/12/2011

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Common Stock, par value $.01 per share	1,395⁽³⁾	I	By 401(k) Plan
Class B Common Stock, par value $.01 per share	53,394⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (right to buy)	⁽²⁾	11/02/2021	Class B Common Stock	3,250	$6.85	D
Employee Stock Option (right to buy)	11/03/2011	04/23/2017	Class B Common Stock	3,991	$6.85	D
Employee Stock Option (right to buy)	11/03/2011	07/22/2015	Class B Common Stock	1,185	$6.85	D
Employee Stock Option (right to buy)	11/03/2011	04/15/2012	Class B Common Stock	3,556	$6.85	D

Explanation of Responses:

1. Consists of 23,250 shares of Restricted Stock, and 30,144 shares held directly by Mr. Greenstein. Of the 23,250 shares of Restricted Stock, 20,000 of them are to vest as follows: 6,667 to vest on each of January 5, 2012 and January 5, 2013, and 6,666 to vest on January 5, 2014 and 3,250 of them are to vest as follows: 1,084 to vest on November 3, 2012 and 1,083 to vest on each of November 3, 2013 and November 3, 2014.

2. Options vest as follows: 1,084 options to vest on November 3, 2012 and 1,083 to vest on each of November 3, 2103 and November 3, 2014.

3. As of November 30, 2011

	Joyce J. Mason, by Power of Attorney	12/22/2011
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.