Major owner of Genie Energy Ltd. just declared owning 5,996,290 shares of Genie Energy Ltd.

Howard S Jonas, a major owner of Genie Energy Ltd. and Genie Energy Ltd.'s Chairman of the Board and a director of the company, has just filed an initial statement of beneficial ownership where 5,996,290 shares of Genie Energy Ltd. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Jonas. Jonas operates out of Newark, NJ. Some additional info was provided as follows:

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

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