4//SEC Filing
Ottaviani William L 4
Accession 0001483081-11-000005
CIK 0001131312other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 6:42 PM ET
Size
5.9 KB
Accession
0001483081-11-000005
Insider Transaction Report
Form 4
Ottaviani William L
President and COO
Transactions
- Award
Stock Options
2011-09-30+2,500→ 16,515 totalExercise: $0.01Exp: 2020-01-31→ Common Stock Par Value $0.01 (2,500 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 closing of Market price on September 30, 2011 was $1.96; therefore the number of option shares is based on $5.00.
Documents
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, 6:42 PM ET
- Size
- 5.9 KB