Zion Oil & Gas (ZNOG) Form 5 ZION OIL & GAS / Gene Scammahorn ownership change

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

Scammahorn Gene

(Last) (First) (Middle)

3504 LAKEBLUFF WAY

(Street)

PLANO TX 75093

(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. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2015

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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock, Par Value $0.01	01/26/2015		P	35.714(1)	A	$1.4	539.131	D
Common Stock, Par Value $0.01	05/28/2015(2)		P	25(1)	A	$2	564.131	D
Common Stock, Par Value $0.01	08/26/2015(2)		P	35.336(1)	A	$1.415	599.467	D
Common Stock, Par Value $0.01	09/28/2015		P	35.336(1)	A	$1.415	634.803	D
Common Stock, Par Value $0.01	10/26/2015		P	25.974(1)	A	$1.925	660.777	D
Common Stock, Par Value $0.01	11/27/2015		P	25.641(1)	A	$1.95	686.418	D
Common Stock, Par Value $0.01	12/28/2015		P	27.548(1)	A	$1.815	713.966	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)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. THE REPORTING PERSON PARTICIPATES IN THE ISSUER'S DIRECT STOCK PURCHASE PLAN WITH AN AUTOMATIC MONTHLY DEDUCTION OF $50.00 FROM THE REPORTING PERSON'S BANK ACCOUNT. THE PURCHASE IS MADE ON THE LAST TRADING DAY OF EACH MONTH AS LONG AS THE REPORTING PERSON IS ENROLLED IN THE PLAN.

2. THE INVESTMENT GAPS DURING THE FIRST SIX MONTHS OF 2015 ARE DUE THE REPORTING PERSON SWITCHING BANK ACCOUNTS CAUSING THE MONTHLY ACH TRANSACTIONS TO BE REJECTED.

	Brittany Martin AIF for Gene E. Scammahorn	02/16/2016
	** 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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