CROSWELL MICHAEL B. JR. (Chief Financial Officer) exercised options at ZION OIL & GAS INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 5 exercises

CROSWELL MICHAEL B. JR.

Filed: 11/7/2019ACC: 0001681863-19-000001

InsiderCROSWELL MICHAEL B. JR.CIK 1681863

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IssuerZION OIL & GAS INCCIK 1131312

DirectorOfficer· Chief Financial Officer

Since Nov 2019

0.00

Net shares

Net seller

$2.5K

Total acquired

Open market trades

0B · 0S

Total transactions

250K acquired · 250K disposed

Non-Derivative Transactions5

ZN Common Stock, Par Value $0.01

Direct

M · Option Exercise

+85K

Price / share

$0.01

Trade value

$850.00

% of position

149.1%

11/6/2019

57K→142K

ZN Common Stock, Par Value $0.01

Direct

M · Option Exercise

+120K

Price / share

$0.01

Trade value

$1.20K

% of position

84.5%

11/6/2019

142K→262K

ZN Common Stock, Par Value $0.01

Direct

M · Option Exercise

+10K

Price / share

$0.01

Trade value

$100.00

% of position

3.8%

11/6/2019

262K→272K

ZN Common Stock, Par Value $0.01

Direct

M · Option Exercise

+25K

Price / share

$0.01

Trade value

$250.00

% of position

9.2%

11/6/2019

272K→297K

ZN Common Stock, Par Value $0.01

Direct

M · Option Exercise

+10K

Price / share

$0.01

Trade value

$100.00

% of position

3.4%

11/6/2019

297K→307K

Total

Net shares

+250K

Net value

$2.50K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
ZN Common Stock, Par Value $0.01 Direct	11/6/2019	M · Option Exercise	+85K	$0.01	$850.00	149.1%	57K	142K
ZN Common Stock, Par Value $0.01 Direct	11/6/2019	M · Option Exercise	+120K	$0.01	$1.20K	84.5%	142K	262K
ZN Common Stock, Par Value $0.01 Direct	11/6/2019	M · Option Exercise	+10K	$0.01	$100.00	3.8%	262K	272K
ZN Common Stock, Par Value $0.01 Direct	11/6/2019	M · Option Exercise	+25K	$0.01	$250.00	9.2%	272K	297K
ZN Common Stock, Par Value $0.01 Direct	11/6/2019	M · Option Exercise	+10K	$0.01	$100.00	3.4%	297K	307K
Total			+250K		$2.50K

Derivative Transactions5

ZN Common Stock Options, Par Value $0.01

Direct

M · Option Exercise

Converts to

ZN CS, Par Value $0.01

85K shares

−85K

Strike price

0.01

Held after

285K

Exercisable

—

11/6/2019

ZN Common Stock Options, Par Value $0.01

Direct

M · Option Exercise

Converts to

ZN CS, Par Value $0.01

120K shares

−120K

Strike price

0.01

Held after

165K

Exercisable

—

11/6/2019

ZN Common Stock Options, Par Value $0.01

Direct

M · Option Exercise

Converts to

ZN CS, Par Value $0.01

10K shares

−10K

Strike price

0.01

Held after

155K

Exercisable

—

11/6/2019

ZN Common Stock Options, Par Value $0.01

Direct

M · Option Exercise

Converts to

ZN CS, Par Value $0.01

25K shares

−25K

Strike price

0.01

Held after

130K

Exercisable

—

11/6/2019

ZN Common Stock Options, Par Value $0.01

Direct

M · Option Exercise

Converts to

ZN CS, Par Value $0.01

10K shares

−10K

Strike price

0.01

Held after

120K

Exercisable

—

11/6/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
ZN Common Stock Options, Par Value $0.01 Direct	ZN CS, Par Value $0.0185K shares	11/6/2019	M · Option Exercise	−85K	0.01	—	285K
ZN Common Stock Options, Par Value $0.01 Direct	ZN CS, Par Value $0.01120K shares	11/6/2019	M · Option Exercise	−120K	0.01	—	165K
ZN Common Stock Options, Par Value $0.01 Direct	ZN CS, Par Value $0.0110K shares	11/6/2019	M · Option Exercise	−10K	0.01	—	155K
ZN Common Stock Options, Par Value $0.01 Direct	ZN CS, Par Value $0.0125K shares	11/6/2019	M · Option Exercise	−25K	0.01	—	130K
ZN Common Stock Options, Par Value $0.01 Direct	ZN CS, Par Value $0.0110K shares	11/6/2019	M · Option Exercise	−10K	0.01	—	120K