SEC Form 4 · accession 0001517744-15-000006
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
Apr 2, 2015
Accepted (ET)
Apr 7, 2015 · 5:03 pm EDT
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 | Apr 6, 2015 | M | 2,500 | $0.01 | A | 262,500 | I | ESOP Trust Company 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 OptionF3,F4 | $0.01 | Apr 2, 2015 | A | 10,000 | A | — | Mar 31, 2025 | Common Stock Par Value $0.01 | 10,000 | 10,000 | I |
| Common Stock OptionF4,F5 | $0.01 | Apr 6, 2015 | M | 2,500 | D | — | Mar 31, 2024 | Common Stock Par Value $0.01 | 2,500 | 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 77,500 shares of Common Stock and Stock Options to purchase 185,000 shares of Common Stock.
- F3A Stock Option was awarded under the Issuer's 2011 Stock Option Plan on April 2, 2015 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, 2015.
- F4Not applicable.
- F5These options were fully vested on March 31, 2015.