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4//SEC Filing

Ottaviani William L 4

Accession 0001483081-10-000002

CIK 0001131312other

Filed

Oct 3, 8:00 PM ET

Accepted

Oct 4, 6:07 PM ET

Size

6.3 KB

Accession

0001483081-10-000002

Insider Transaction Report

Form 4
Period: 2010-09-30
Ottaviani William L
President and COO
Transactions
  • Award

    Stock Options

    2010-09-30+2,4146,915 total
    Exercise: $0.01Exp: 2020-01-31Common Stock (2,414 underlying)
Footnotes (1)
  • [F1]The options were granted under the Company's 2005 Stock Option Plan. Pursuant to the Reporting Person's employment agreement with the company, at the end of each calendar quarter, beginning with the quarter ended March 31, 2010, the Reporting Person is entitled to fully vested options at a per share exercise price of $0.01 to purchase such number of the Company's common stock, par value $0.01 per share (the "Common Stock"), as shall equal $12,500 divided by the closing price on the last trading day of the respective calendar quarter of the Company's publicly traded share of Common Stock, but in no event less than $5.00 per share. The Number of option shares is based on $5.18, the closing of market price on September 30, 2010.

Issuer

ZION OIL & GAS INC

CIK 0001131312

Entity typeother

Related Parties

1
  • filerCIK 0001483081

Filing Metadata

Form type
4
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 6:07 PM ET
Size
6.3 KB