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, c lick here.
To receive a free e-mail notification whenever Genie Energy Ltd. makes a similar move, sign up!
Other recent filings from the company include the following:
Statement of acquisition of beneficial ownership by individuals - Feb. 13, 2015