ROCHWARGER GEOFFREY 4
4 · Genie Energy Ltd. · Filed Dec 12, 2011
Insider Transaction Report
Form 4
ROCHWARGER GEOFFREY
Vice Chairman
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2011-12-08−889→ 0 totalExercise: $6.85Exp: 2011-12-13→ Class B Common Stock (889 underlying) - Award
Employee Stock Option (right to buy)
2011-12-08+889→ 889 totalExercise: $6.85Exp: 2012-04-15→ Class B Common Stock (889 underlying)
Holdings
- 37,476
Class B Common Stock, $.01 par value per share
Footnotes (2)
- [F1]Includes Restricted Stock that vests as follows: 12,487 shares on November 3, 2012 and 12,488 shaers on each of November 3, 2013 and November 3, 2014. Mr. Rochwarger will also receive 18,000 shares of Class B Common Stock on each of January 5, 2012, January 5, 2013 and January 5, 2014 for a total of 54,000 shares in connection with IDT Corporation's pro-rata spinoff of the Registrant. Such shares will be issued pursuant to a Separation Agreement between IDT Corporation and the Registrant in conjunction with a Deferred Stock Agreement between Mr. Rochwarger and IDT Corporation under which upon the occurrence of certain events Mr. Rochwarger will be granted 18,000 shares of IDT Corporation Class B Common Stock on each of January 5, 2012, January 5, 2013 and January 5, 2014.
- [F2]The two reported transactions involved an amendment of an outstanding option to extend the expiration date, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on November 3, 2011 and vested immediately.