SEC Form 4 · accession 0001517744-16-000012
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
Mar 31, 2016
Accepted (ET)
Apr 6, 2016 · 11:18 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 $0.01F1 | Apr 4, 2016 | M | 2,500 | $0.01 | A | 367,500 | 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 OptionF2,F3 | $0.01 | Apr 4, 2016 | M | 2,500 | A | — | Mar 31, 2025 | Common Stock Par Value $0.01 | 2,500 | 2,500 | I |
| Common Stock OptionF4,F3 | $0.01 | Apr 4, 2016 | A | 10,000 | A | — | Mar 31, 2026 | Common Stock Par Value $0.01 | 10,000 | 0 | I |
Explanation of responses
- F1Consists of 182,500 shares of Common Stock and Stock Options to purchase an additional 185,000 share of Common Stock.
- F2A Stock Option was awarded under 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 options shall vest at the end of each 90 day period commencing April 1, 2015.
- F3Not applicable
- F4A Stock Option was awarded under issuer's 2011 Stock Option Plan on April 1, 2016 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 options shall vest at the end of each 90 day period commencing April 1, 2016.