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 NJ 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)
10/28/2011
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)
Code V Amount (A) or (D) Price
CLASS A COMMON STOCK 10/28/2011 J 1,574,326(1) D $0 1,574,326(2) I IDT CORPORATION
CLASS B COMMON STOCK 10/28/2011 J 21,143,970(1) D $0 4,841,002(2) I IDT CORPORATION
CLASS B COMMON STOCK 10/28/2011 J 2,088,624 A $0 2,088,624 D
CLASS B COMMON STOCK 10/28/2011 J 1,509(3) A $0 1,509 I By 401(k) Plan
CLASS B COMMON STOCK 10/28/2011 J 121,090 A $0 121,090 I By Trust FBO Joseph Jonas(4)
CLASS B COMMON STOCK 10/28/2011 J 121,090 A $0 121,090 I By Trust FBO Tamar Jonas(4)
CLASS B COMMON STOCK 10/28/2011 J 121,090 A $0 121,090 I By Trust FBO Rachel Jonas(4)
CLASS B COMMON STOCK 10/28/2011 J 121,090 A $0 121,090 I By Trust FBO Leora Jonas(4)
CLASS B COMMON STOCK 10/28/2011 J 121,090 A $0 121,090 I By Trust FBO David Jonas(4)
CLASS B COMMON STOCK 10/28/2011 J 121,090 A $0 121,090 I By Trust FBO Michael Jonas(4)
CLASS B COMMON STOCK 10/28/2011 J 121,090 A $0 121,090 I By Trust FBO Samuel Jonas(4)
CLASS B COMMON STOCK 10/28/2011 J 121,090 A $0 121,090 I By Trust FBO Jonathan Jonas(4)
CLASS B COMMON STOCK 10/28/2011 J 76,369 A $0 76,369 I By Trust FBO Miriam Jonas(4)
CLASS B COMMON STOCK 10/28/2011 J 1,556 A $0 1,556 I Custodial for Son (Jonathan)
CLASS B COMMON STOCK 10/28/2011 J 1,556 A $0 1,556 I Custodial for Daughter (Rachel)
CLASS B COMMON STOCK 10/28/2011 J 1,556 A $0 1,556 I Custodial for Son (Joseph)
CLASS B COMMON STOCK 10/28/2011 J 1,556 A $0 1,556 I Custodial for Daughter (Tamar)
CLASS B COMMON STOCK 10/28/2011 J 1,556 A $0 1,556 I Custodial for Daughter (Miriam)
CLASS B COMMON STOCK 10/28/2011 J 388,716 A $0 388,716 I By Howard S. Jonas 2009 Annuity Trust I
CLASS B COMMON STOCK 10/28/2011 J 1,309,284 A $0 1,309,284 I By Howard S. Jonas 2009 Annuity Trust II
CLASS A COMMON STOCK 10/28/2011 J 1,476,229 A $0 1,476,229 D
CLASS A COMMON STOCK 10/28/2011 J 98,097 A $0 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Consists entirely of shares that were owned by IDT Corporation that may have been deemed beneficially owned by Mr. Jonas by virtue of his voting control of IDT Corporation. Mr. Jonas disclaimed beneficial ownership of these shares. IDT Corporation distributed these shares to its stockholders on a pro rata basis.
2. In connection with IDT Corporation's pro rata spin-off of the Registrant's shares, Mr. Jonas, and entities deemed beneficially owned by Mr. Jonas, received stock of the Registrant. This number reflects a total number of shares beneficially owned by Mr. Jonas both directly and indirectly as further detailed in the balance of the transactions on this form.
3. As of October 28, 2011.
4. 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.
Joyce J. Mason, by Power of Attorney 11/01/2011
** 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 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).
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.