Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
JONAS HOWARD S
  2. Issuer Name and Ticker or Trading Symbol
Genie Energy Ltd. [GNE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman of the Board & CEO
(Last)
(First)
(Middle)
C/O GENIE ENERGY LTD., 520 BROAD STREET
3. Date of Earliest Transaction (Month/Day/Year)
03/07/2017
(Street)

NEWARK, NJ 07102
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class B Common Stock, par value $.01 per share 03/07/2017   P   4,560 (1) A $ 5.3721 2,369,509 (2) D  
Class B Common Stock, par value $.01 per share               205,075 I By Trust FBO Michael Jonas (3)
Class B Common Stock, par value $.01 per share               287,870 I By Trust FBO Samuel Jonas (3)
Class B Common Stock, par value $.01 per share               404,598 I By Trust FBO Joseph Jonas (3)
Class B Common Stock, par value $.01 per share               404,772 I By Trust FBO Tamar Jonas (3)
Class B Common Stock, par value $.01 per share               404,462 I By Trust FBO Rachel Jonas (3)
Class B Common Stock, par value $.01 per share               405,218 I By Trust FBO Leora Jonas (3)
Class B Common Stock, par value $.01 per share               215,557 I By Trust FBO David Jonas (3)
Class B Common Stock, par value $.01 per share               406,084 I By Trust FBO Jonathan Jonas (3)
Class B Common Stock, par value $.01 per share               405,933 I By Trust FBO Miriam Jonas (3)
Class B Common Stock, par value $.01 per share               2,204,949 (4) I By The Howard S. Jonas 2014 Annuity Trust
Class B Common Stock, par value $.01 per share               275,047 I By The Jonas Foundation
Class B Common Stock, par value $.01 per share               1,556 I Custodial for Son (Jonathan)
Class B Common Stock, par value $.01 per share               1,556 I Custodial for Daughter (Rachel)
Class B Common Stock, par value $.01 per share               1,556 I Custodial for Son (Joseph)
Class B Common Stock, par value $.01 per share               1,556 I Custodial for Daughter (Tamar)
Class B Common Stock, par value $.01 per share               1,556 I Custodial for Daughter (Miriam)
Class A Common Stock, par value $.01 per share               1,574,326 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
JONAS HOWARD S
C/O GENIE ENERGY LTD.
520 BROAD STREET
NEWARK, NJ 07102
  X   X   Chairman of the Board & CEO  

Signatures

 Joyce J. Mason, by Power of Attorney   03/09/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Shares purchased pursuant to a Rule 10b5-1 plan dated December 14, 2016.
(2) Includes 300,000 restricted shares that vest on December 31, 2017.
(3) These shares are held in trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is trustee of the trust. Mr. Jonas does not exercise or share investment control of these shares.
(4) Includes 300,000 restricted shares that vest on December 31, 2017 and 600,000 restricted shares that vest on December 31, 2018.

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