SEC Form 4 · accession 0001517744-15-000008
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
Jul 9, 2015
Accepted (ET)
Aug 6, 2015 · 6:17 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 Option, Par Value $0.01F1,F2 | Jul 9, 2015 | M | 2,500 | $0.01 | A | 285,000 | 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 OptionF4,F3 | $0.01 | Jul 9, 2015 | M | 2,500 | D | — | Mar 31, 2025 | Common Stock Option, Par Value $0.01 | 2,500 | 7,500 | I |
Explanation of responses
- F1These shares were acquired upon the exercise of stock options at a per share price of $0.01.
- F2Comprised of 100,000 shares of Common Stock and Stock Options to purchase an additional 185,000 shares of Common Stock.
- F3A Stock Option was awarded under the Issuer's 2005 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.
Remarks
I initially filed this Form 4 on July 13, 2015, but the transmission of the filing did not go through or was suspended.