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 (Last) (First) (Middle) C/O GENIE ENERGY LTD., 520 BROAD STREET 3. Date of Earliest Transaction (Month/Day/Year) 08/07/2012 (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 08/07/2012   J V 98,097 D (4) 2,097,527 (1) D   CLASS B COMMON STOCK               1,475 (2) I By 401(k) Plan CLASS B COMMON STOCK               121,090 I By Trust FBO Joseph Jonas (3) CLASS B COMMON STOCK               121,090 I By Trust FBO Tamar Jonas (3) CLASS B COMMON STOCK               121,090 I By Trust FBO Rachel Jonas (3) CLASS B COMMON STOCK               121,090 I By Trust FBO Leora Jonas (3) CLASS B COMMON STOCK               121,090 I By Trust FBO David Jonas (3) CLASS B COMMON STOCK               121,090 I By Trust FBO Michael Jonas (3) CLASS B COMMON STOCK               121,090 I By Trust FBO Samuel Jonas (3) CLASS B COMMON STOCK               121,090 I By Trust FBO Jonathan Jonas (3) CLASS B COMMON STOCK               76,369 I By Trust FBO Miriam Jonas (3) CLASS B COMMON STOCK               1,556 I Custodial for Son (Jonathan) CLASS B COMMON STOCK               1,556 I Custodial for Daughter (Rachel) CLASS B COMMON STOCK               1,556 I Custodial for Son (Joseph) CLASS B COMMON STOCK               1,556 I Custodial for Daughter (Tamar) CLASS B COMMON STOCK               1,556 I Custodial for Daughter (Miriam) CLASS B COMMON STOCK 08/07/2012   J V 98,097 A (4) 486,813 I By Howard S. Jonas 2009 Annuity Trust I CLASS B COMMON STOCK               1,309,284 I By Howard S. Jonas 2009 Annuity Trust II CLASS A COMMON STOCK 08/07/2012   J V 98,097 A (4) 1,574,326 D   CLASS A COMMON STOCK 08/07/2012   J V 98,097 D (4) 0 I By Howard S. Jonas 2009 Annuity Trust I

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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

Signatures

Joyce J. Mason, by Power of Attorney		08/09/2012
**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)	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) 55,000 restricted shares of Class B Common Stock that vest as follows: 18,333 shares on each of November 3, 2012 and November 3, 2013 and 18,334 shares on November 3, 2014.
(2)	As of July 31, 2012.
(3)	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.
(4)	The Reporting Person exchanged Class A common shares held in an annuity trust for Class B shares held directly.

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