SEC Form 5 · accession 0001517744-16-000014
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
Jun 6, 2016
Accepted (ET)
Jun 23, 2016 · 9:08 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 $0.01F2 | Jun 17, 2016 | M | 10,000 | $0.01 | A | 380,000 | I | ESOP Trust Company-FBO Ilan N. Sheena |
| Common Stock, Par Value $0.01F1 | Jun 17, 2016 | M | 90,000 | $0.01 | A | 470,000 | 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, Par Value $0.01F3,F5 | $0.01 | Jun 6, 2016 | M | 10,000 | A | — | Jun 5, 2026 | Common Stock Par Value $0.01 | 10,000 | 0 | I |
| Common Stock, Par Value $0.01F4,F5 | $0.01 | Jun 6, 2016 | M | 90,000 | A | — | Jun 6, 2026 | Common Stock Par Value $0.01 | 90,000 | 0 | I |
Explanation of responses
- F11. Consists of 282,500 shares of Common Stock and Stock Options to purchase an additional 187,500 share of Common Stock. 2,500 of vested stock options are included in the 470,000 balance.
- F22. A 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.
- F33. Fully vested stock options granted 6/6/2016 from the Issuer's 2011 Stock Option Plan
- F44. Fully vested stock options granted 6/6/2016 from the Issuer's 2011 Stock Option Plan
- F55. Not applicable