SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Van Brauman Martin

(Last) (First) (Middle)
6510 ABRAMS ROAD
SUITE 300

(Street)
DALLAS TX 75231

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2014
3. Issuer Name and Ticker or Trading Symbol
ZION OIL & GAS INC [ ZN ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, Par Value $0.01 32,587 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Option (1) 12/04/2021 Common Stock, Par Value $0.01 20,000 $2.61 D
Common Stock Option (2) 12/21/2022 Common Stock, Par Value $0.01 35,000 $1.7 D
Explanation of Responses:
1. A Stock Option was granted under the Issuer's 2011 Equity Incentive Plan on December 5, 2011, to purchase 20,000 shares of Common Stock at an exercise price of $2.61 per share and are scheduled to vest on a quarterly basis, in eight equal quarterly installments of 2,500 shares at the end of each quarter, beginning with quarter ending December 31, 2011.
2. A Stock Option was granted under the Issuer's 2011 Equity Incentive Plan on December 21, 2012, to purchase 35,000 shares of Common Stock at an exercise price of $1.70 per share and are scheduled to vest on a quarterly basis, in eight equal quarterly installments of 4,375 shares at the end of each quarter, beginning with quarter ending December 31, 2012.
Brittany Martin AIF for Martin VanBrauman 04/08/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.