Includes the following: (a) 608,246 restricted shares of Class B Common Stock that vest on December 31, 2013; (b) 883,333 restricted shares of Class B Common Stock that vest on December 31, 2013; and (c) 18,333 restricted shares of Class B Common Stock that vest on November 3, 2014.
These shares are held in trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is the trustee of the trust. Mr. Jonas does not exercise or share investment control of these shares.
The option grant was approved by the Issuer's Independent Compensation Committee of the Board of Directors on December 12, 2013 and is subject to Stockholder approval. Due to Mr. Jonas' voting control over the Issuer, the issuance is being reported upon Compensation Committee approval.
The option vests in five equal annual installments beginning on December 15, 2014.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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Other recent filings from the company include the following:
Genie Energy: Other Events - July 28, 2014
Genie Energy: Departure Of Directors Or Certain Officers; Election Of Directors; Appointment Of Certain Officers; Compensatory Arrangements Of Certain Officers - July 28, 2014