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 & CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2017
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 B Common Stock, par value $.01 per share 03/03/2017 P 4,920(1) A $5.3845 2,358,136(2) D
Class B Common Stock, par value $.01 per share 03/06/2017 P 6,813(1) A $5.3586 2,364,949(2) D
Class B Common Stock, par value $.01 per share 205,075 I By Trust FBO Michael Jonas(3)
Class B Common Stock, par value $.01 per share 287,870 I By Trust FBO Samuel Jonas(3)
Class B Common Stock, par value $.01 per share 404,598 I By Trust FBO Joseph Jonas(3)
Class B Common Stock, par value $.01 per share 404,772 I By Trust FBO Tamar Jonas(3)
Class B Common Stock, par value $.01 per share 404,462 I By Trust FBO Rachel Jonas(3)
Class B Common Stock, par value $.01 per share 405,218 I By Trust FBO Leora Jonas(3)
Class B Common Stock, par value $.01 per share 215,557 I By Trust FBO David Jonas(3)
Class B Common Stock, par value $.01 per share 406,084 I By Trust FBO Jonathan Jonas(3)
Class B Common Stock, par value $.01 per share 405,933 I By Trust FBO Miriam Jonas(3)
Class B Common Stock, par value $.01 per share 2,204,949(4) I By The Howard S. Jonas 2014 Annuity Trust
Class B Common Stock, par value $.01 per share 275,047 I By The Jonas Foundation
Class B Common Stock, par value $.01 per share 1,556 I Custodial for Son (Jonathan)
Class B Common Stock, par value $.01 per share 1,556 I Custodial for Daughter (Rachel)
Class B Common Stock, par value $.01 per share 1,556 I Custodial for Son (Joseph)
Class B Common Stock, par value $.01 per share 1,556 I Custodial for Daughter (Tamar)
Class B Common Stock, par value $.01 per share 1,556 I Custodial for Daughter (Miriam)
Class A Common Stock, par value $.01 per share 1,574,326 D
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. Shares purchased pursuant to a Rule 10b5-1 plan dated December 14, 2016.
2. Includes 300,000 restricted shares that vest on December 31, 2017.
3. These shares are held in trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is trustee of the trust. Mr. Jonas does not exercise or share investment control of these shares.
4. Includes 300,000 restricted shares that vest on December 31, 2017 and 600,000 restricted shares that vest on December 31, 2018.
Remarks:
Joyce J. Mason, by Power of Attorney 03/06/2017
** 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.