0001209191-22-009161.txt : 20220214
0001209191-22-009161.hdr.sgml : 20220214
20220214141819
ACCESSION NUMBER: 0001209191-22-009161
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220211
FILED AS OF DATE: 20220214
DATE AS OF CHANGE: 20220214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: STEIN MICHAEL M
CENTRAL INDEX KEY: 0001607743
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35327
FILM NUMBER: 22629473
MAIL ADDRESS:
STREET 1: 550 BROAD STREET
STREET 2: 17TH FLOOR
CITY: NEWARK
STATE: NJ
ZIP: 07102
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Genie Energy Ltd.
CENTRAL INDEX KEY: 0001528356
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931]
IRS NUMBER: 452069276
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 520 BROAD STREET
CITY: NEWARK
STATE: NJ
ZIP: 07012
BUSINESS PHONE: 973-438-3500
MAIL ADDRESS:
STREET 1: 520 BROAD STREET
CITY: NEWARK
STATE: NJ
ZIP: 07012
FORMER COMPANY:
FORMER CONFORMED NAME: Genie Energy. Ltd.
DATE OF NAME CHANGE: 20110822
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-02-11
0
0001528356
Genie Energy Ltd.
GNE
0001607743
STEIN MICHAEL M
C/O GENIE ENERGY LTD.
520 BROAD STREET
NEWARK
NJ
07102
0
1
0
0
CHIEF EXECUTIVE OFFICER
Class B Common Stock, par value $.01 per share
364898
D
Class B Common Stock, par value $.01 per share
1556
I
By Wife
Deferred Stock Units
2022-02-11
4
A
0
90000
0.00
A
2023-02-10
Class B Common Stock
90000
90000
D
Deferred Stock Units
2022-02-11
4
A
0
90000
0.00
A
2023-02-10
Class B Common Stock
90000
90000
D
Consists of 178,604 fully vested restricted shares of Class B common stock; 81,398 shares of Class B common stock held directly; and 104,896 unvested restricted shares of Class B common stock, 52,448 shares of which shall vest on each of November 4, 2022 and November 4, 2023.
Each Deferred Stock Unit ("DSU") entitles the Reporting Person to a grant of 90,000 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.
The DSUs will expire on February 10, 2023 should the 30 trading day average closing price of $9.04 or greater not occur, in which case no shares of restricted stock shall be granted.
Each DSU entitles the Reporting Person to a grant of 90,000 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.
The DSUs will expire on February 10, 2023 should the 30 trading day average closing price of $10.84 or greater not occur, in which case no shares of restricted stock shall be granted.
Joyce J. Mason, by Power of Attorney
2022-02-14