Genie Energy Ltd.'s Vice Chairman just picked up 11,593 shares


Geoffrey Rochwarger, Genie Energy Ltd.'s Vice Chairman, recently acquired 11,593 shares of the company. The buys took place at prices ranging from $0.00 to $10.16 per share, on January 06, 2014. Rochwarger now owns 77,306 shares of the company. Rochwarger operates out of Newark, NJ. Some additional info was provided as follows:

Represents a grant of Class B common stock pursuant to a previously granted Deferred Stock Unit. The Company required the sale of these shares to cover tax withholding obligations. The sales reported in this Form 4 were effected pursuant to a Section 10b5-1 trading plan adopted by the Reporting Person on December 16, 2013. Consists of 12,487 shares of the Company's unvested Class B Common Restricted Stock, all of which vest on November 3, 201 4; and 49,366 shares of the Company's Class B Common Stock held by Mr. Rochwarger directly.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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