X0306 4 2016-01-15 0 0001131312 ZION OIL & GAS INC ZN 0001384407 Druckman Yehezkel 24/26 GELBER STREET RAMAT DANIA JERUSALEM L3 96755 ISRAEL 1 0 0 0 Common Stock, Par Value $0.01 2015-01-26 4 M 0 25000 0.01 A 135000 I ESOP Trust Company FBO Yehezkel Druckman Common Stock Option 0.01 2016-01-15 2016-01-26 4 A 0 25000 A 2026-01-14 Common Stock, Par Value $0.01 25000 25000 I ESOP Trust Company FBO Yehezkel Druckman Common Stock Option 0.01 2016-01-26 4 M 0 25000 D 2026-01-14 Common Stock, Par Value $0.01 25000 0 I ESOP Trust Company FBO Yehezkel Druckman Comprised of 25,000 shares of Common Stock and Stock Options to purchase an additional 110,000 shares of Common Stock. Fully vested Stock Options were granted from the Issuer's 2011 Equity Incentive Plan on January 15, 2016. The Stock Options are fully vested and exercisable upon grant. Not applicable. Brittany Martin AIF for Yehezkel Druckman 2016-01-26