SEC Form 4 · accession 0001517744-15-000007

ZION OIL & GAS INC · ZN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer

Period of report

Apr 17, 2015

Accepted (ET)

May 4, 2015 · 5:08 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 $0.01^F1	Apr 30, 2015	M	20,000	$0.01	A	282,500	I	ESOP Trust Company FBO Ilan N. Sheena

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Stock Option^F6,F2,F4,F3	$0.01	Apr 17, 2015	A	10,000	A	—	Apr 16, 2025	Common Stock Par Value $0.01	10,000	10,000	I
Common Stock Option^F6,F5,F4,F3	$0.01	Apr 17, 2015	A	10,000	A	—	Apr 16, 2025	Common Stock Par Value $0.01	10,000	10,000	I
Common Stock Option^F2,F4,F3	$0.01	Apr 30, 2015	M	10,000	D	—	Apr 16, 2025	Common Stock Par Value $0.01	10,000	0	I
Common Stock Option^F5,F4,F3	$0.01	Apr 30, 2015	M	10,000	D	—	Apr 16, 2025	Common Stock Par Value $0.01	10,000	0	I

F1Consist of 97,500 shares of Common Stock and Stock Option to purchase an additional 185,000 shares of Common Stock.
F2Non Qualified Stock Options were granted under the Issuer's 2005 Stock Option Plan, to purchase 10,000 shares of Common Stock, Par Value $0.01 at an exercise price of $0.01 per share.
F3These options were fully vested upon grant.
F4Not applicable.
F5Non Qualified Stock Options were granted under the Issuer's Stock Option Plan to puchase 10,000 shares of Common Stock, Par Value $0.01 at an exercise price of $0.01 per share
F6Stock Option Agreement dated the April 17, 2015, was executed by the Reporting Person on May 3, 2015, the deemed execution date.