SEC Form 4 · accession 0001517744-16-000015
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 7, 2016
Accepted (ET)
Jul 7, 2016 · 3:14 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, Par Value $0.01F1,F2 | Jul 5, 2016 | M | 2,500 | $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 $0.01F4,F3 | $0.01 | Jul 5, 2016 | M | 2,500 | D | — | Apr 1, 2026 | Common Stock Par Value $0.01 | 2,500 | 0 | I |
Explanation of responses
- F1These shares were acquired upon the exericse of stock options at a per share price of $0.01.
- F2Consists of 285,000 shares of Common Stock and Stock Options to purchase an additional 185,000 share of Common Stock.
- F3A 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 at 0.01 per share 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.
- F4Not applicable