Form 4 for GNE Genie Energy Ltd.
Accepted 2023-02-14 00:00:00 ET · period of report 2023-02-10 · accession 0001209191-23-009349 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-14 | 2023-02-10 | GNE | STEIN MICHAEL M | CEO | M - OptEx | — | +90.0K | 530.0K | +20% | — |
| D | 2023-02-14 | 2023-02-10 | GNE | STEIN MICHAEL M | CEO | M - OptEx | $0.00 | -90.0K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B Common Stock, par value $.01 per share | 2023-02-10 | M | A | 90,000 | — | 529,992 | D | — | — | (F1) Restricted Shares of the Issuer's Class B common stock issuable upon the vesting of Deferred Stock Units ("DSUs") on a one-for-one basis. (F2) Consists of 90,000 restricted shares of the Issuer's Class B common stock to be granted due to the vesting of DSUs; 216,146 fully vested restricted shares of Class B common stock; 81,398 shares of Class B common stock held directly; and 142,448 unvested restricted shares of Class B common stock, 52,448 shares of which shall vest on November 4, 2023, and 30,000 shares of which shall vest on each of August 3, 2023, August 3, 2024 and August 3, 2025. |
| 2 | Derivative | Deferred Stock Units | 2023-02-10 | M | D | 90,000 | $0.00 | 0 | D | — · — to — | 90,000 Class B Common Stock | (F1) Restricted Shares of the Issuer's Class B common stock issuable upon the vesting of Deferred Stock Units ("DSUs") on a one-for-one basis. (F3) On February 11, 2022, the Reporting Person was granted 90,000 DSUs, entitling 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 had a 30 trading day average closing price of $10.84 or greater. The shares were to vest ratably over a three year period, commencing on the first anniversary of the restricted stock grant date. |