SEC Form 4 · accession 0001517744-15-000010

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

Oct 6, 2015

Accepted (ET)

Oct 13, 2015 · 10:44 am 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	Oct 6, 2015	M	2,500	$0.01	A	362,500	I	ESOP Trust Company FBO Ilan N. Sheena
Common Stock, Par Value $0.01^F2	Oct 6, 2015	M	75,000	$0.01	A	362,500	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^F3,F4	$0.01	Oct 6, 2015	M	2,500	D	—	Mar 31, 2025	Common Stock, Par Value $0.01	2,500	5,000	I
Common Stock Option^F5,F4	$0.01	Oct 6, 2015	M	75,000	D	—	Sep 30, 2025	Common Stock, Par Value $0.01	75,000	0	I

F1Consist of 102,500 shares of Common Stock and Stock Option to purchase an additional 260,000 shares of Common Stock.
F2Consist of 177,500 shares of Common Stock and Stock Option 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.
F5Fully vested,Non Qualified Stock Options were granted under the Issuer's 2011 Stock Option Plan, to purchase 75,000 shares of Common Stock, Par Value $0.01 at an exercise price of $0.01 per share.