SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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. Issuer Name and Ticker or Trading Symbol ZION OIL & GAS INC [ ZN ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 04/17/2015
	4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, Par Value $0.01	04/17/2015		M		20,000	A	$0.01	192,587(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Option	$0.01	04/17/2015		A		10,000(2)		(3)	04/17/2025	Common Stock Par Value $0.01	10,000	(4)	10,000	D
Common Stock Option	$0.01	04/17/2015		A		10,000(5)		(3)	04/17/2025	Common Stock Par Value $0.01	10,000	(4)	10,000	D
Common Stock Option	$0.01	04/17/2015		M			10,000(2)	(3)	04/17/2025	Common Stock Par Value $0.01	10,000	(4)	0	D
Common Stock Option	$0.01	04/17/2015		M			10,000(5)	(3)	04/17/2025	Common Stock Par Value $0.01	10,000	(4)	0	D

Explanation of Responses:

1. Consist of 62,587 shares of Common Stock and Stock Option to purchase an additional 130,000 shares of Common Stock.

2. Non Qualified Stock Options were granted under the Issuer's 2005 Stock Option Plan, to purchase 10,000 shares of Common Stock, Par Value $0.01 at an exercise price of $0.01 per share.

3. These options were fully vested upon grant.

4. Not applicable.

5. Non Qualified Stock Options were granted under the Issuer's Stock Option Plan to purchase 10,000 shares of Common Stock, Par Value $0.01 at an exercise price of $0.01 per share.

	Brittany Martin AIF for Martin van Brauman	04/20/2015
	** 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 4 (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).
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