Ralph Devore Form 3 ZION OIL & GAS / Ralph Devore ownership change

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^*

Devore Ralph

(Last) (First) (Middle)

18814 DOVE CREEK SPRINGS TRAIL

(Street)

CYPRESS TX 77433

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/01/2016

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	163,534	I	Jointly with Spouse
Common Stock, Par Value $0.01	36,879	I	By Spouse

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)	(2)	01/31/2022	Common Stock, Par Value $0.01	25,000	1.87	D

Explanation of Responses:

1. Non-Qualified Stock Options were granted February 1, 2016, under the Issuer's 2011 Non-Employee Director's Stock Option plan, in connection with the Reporting Person's joining the Board of Directors, to purchase 25,000 shares of Common Stock, Par Value $0.01, at an exercise price of $1.87 per share.

2. These options were fully vested and exercisable upon grant.

	Brittany Martin AIF for Ralph DeVore	02/10/2016
	** 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 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).
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