SEC Form 4 · accession 0001517744-16-000011
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
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 6:01 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 | Jan 4, 2016 | M | 2,500 | $0.01 | A | 365,000 | 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 OptionF2,F3 | $0.01 | Jan 4, 2016 | M | 2,500 | D | — | Mar 31, 2025 | Common Stock, Par Value $0.01 | 2,500 | 2,500 | I |
Explanation of responses
- F1Comprised of 180,000 shares of Common Stock and Stock Options to purchase an additional 185,000 shares of Common Stock.
- F2A 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.
- F3Not applicable.