SEC Form 4 · accession 0001517744-15-000001
ZION OIL & GAS INC · ZN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ilan N Sheena
Officer — Chief Financial Officer
Period of report
Dec 31, 2014
Accepted (ET)
Jan 6, 2015 · 7:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001131312
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01F1,F2 | Jan 5, 2015 | M | 2,500 | $0.01 | A | 243,307 | I | ESOP Trust Co. FBO Ilan N. Sheena |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionF4,F3 | $0.01 | Jan 5, 2015 | M | 2,500 | D | — | Mar 31, 2024 | Common Stock Par Value $0.01 | 2,500 | 2,500 | I |
| Common Stock OptionF4,F5 | $7.15 | Dec 31, 2014 | E | 12,000 | D | — | Dec 31, 2014 | Common Stock Par Value $0.01 | 12,000 | 0 | I |
| Common Stock OptionF4,F6 | $2.50 | Dec 31, 2014 | E | 30,000 | D | — | Dec 31, 2014 | Common Stock Par Value $0.01 | 30,000 | 0 | I |
Explanation of responses
- F1These shares were acquired upon the exercise of Stock Options at a per share price of $0.01.
- F2Consist of 75,000 shares of Common Stock and Stock Options to purchase 168,307 shares of Common Stock.
- F3A Stock Option was awarded under the Issuer's 2005 Stock Option Plan on April 1, 2014 in connection with the continued employment of the Reporting Person to purchase 10,000 shares of Common Stock and shall vest as follows: 2,500 Award Shares shall vest at the end of each 90 day period commencing April 1, 2014.
- F4Not applicable.
- F5The Stock Options, issued under the 2005 Stock Option Plan on January 21, 2010, vest in installments of 3,000 Option Shares at the end of each 90 day period, commencing March 31, 2010. The Options became fully vested as of December 31, 2010 and are exercisable through December 31, 2014.
- F6The Stock Options, issued under the 2005 Stock Option Plan on January 6, 2011, were vested in full upon grant and are exercisable commencing January 1, 2012 through December 31, 2014.