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.
Includes 4,014 unvested shares of the Company's Class B Common Restricted Stock, all of which will vest on November 3, 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