Statement of Changes in Beneficial Ownership (4)
January 06 2021 - 4:12PM
Edgar (US Regulatory)
FORM 4
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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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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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1. Name and Address of Reporting Person
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JONAS HOWARD S |
2. Issuer Name and Ticker or Trading Symbol
Genie Energy Ltd.
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GNE
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O GENIE ENERGY LTD., 520 BROAD STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/22/2020 |
(Street)
NEWARK, NJ 07102
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class B Common Stock, par value $.01 per share | 11/22/2020 | | G(1) |
V
| 625065 | D | $0.00 | 1066090 | I | By HSJ 2019 Genie Annuity Trust II |
Class B Common Stock, par value $.01 per share | 11/22/2020 | | G(1) |
V
| 625065 | A | $0.00 | 625065 | D | |
Class B Common Stock, par value $.01 per share | 12/2/2020 | | G(2) |
V
| 625065 | D | $0.00 | 0 | D | |
Class B Common Stock, par value $.01 per share | 12/2/2020 | | G(2) |
V
| 625065 | A | $0.00 | 625065 | I | By HSJ 2020 Genie Annuity Trust |
Class B Common Stock, par value $.01 per share | 1/5/2021 | | A | | 100000 (3) | A | $7.24 | 100000 | D | |
Class B Common Stock, par value $.01 per share | | | | | | | | 1556 (4) | I | By Daughter (Miriam) |
Class B Common Stock, par value $.01 per share | | | | | | | | 275047 | I | By The Jonas Foundation |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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) | These shares were transferred from the HSJ 2019 Genie Annuity Trust II to the Reporting Person's direct holdings in satisfaction of the HSJ 2019 Genie Annuity Trust II's annual annuity obligation. |
(2) | The Reporting Person caused these shares to be transferred from his direct holdings to the HSJ 2020 Genie Annuity Trust, for which an immediate family member of the Reporting Person serves as trustee. |
(3) | Grant of Restricted Shares that vest as follows: 33,334 shares to vest on January 5, 2022 and 33,333 shares to vest on each of January 5, 2023 and January 5, 2024. |
(4) | The Reporting Person no longer has a reportable beneficial interest in 6,224 shares of Class B Common Stock owned by his adult children who do not reside with the Reporting Person, the shares of which were previously reported in custodial accounts for each of these children. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
JONAS HOWARD S C/O GENIE ENERGY LTD. 520 BROAD STREET NEWARK, NJ 07102 | X | X |
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Signatures
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Joyce J. Mason, by Power of Attorney | | 1/6/2021 |
**Signature of Reporting Person | Date |
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