Company: ZNOG
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001437749-25-011641
Chunk: 35

Company: ZION OIL & GAS INC
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 35
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 options,    
 warrants    
 and rights  
 (b)         |     |     | Number of    
 securities   
 remaining    
 available    
 for future   
 issuance     
 under equity 
 compensation 
 plans        
 (excluding   
 securities   
 reflected in 
 column (a))  
 (c)          |            |
|:------------------------------------------------------------|:----|:---------------|-----------:|:----|:------------|----:|:----|:-------------|-----------:|
| Stock Options                                               |     |                | 62,222,284 |     | $           | .38 |     |              | 25,602,500 |
| Equity compensation plans not approved by security holders: |     |                |          — |     |             |   — |     |              |          — |
| TOTAL                                                       |     |                | 62,222,284 |     | $           | .38 |     |              | 25,602,500 |

Long-Term Incentive Plan

At our 2002 Annual Meeting of Stockholders, the stockholders approved the establishment of a long-term key employee and consultant incentive plan, which may be structured as an employees’ royalty pool, to be funded by the equivalent of a 1.5% overriding royalty interest. The Company may, but has not yet, established a long-term management incentive plan for key employees and consultants whereby a 1.5% overriding royalty or equivalent interest in the all current and future oil and gas exploration and development rights would be assigned to key employees and consultants. As this plan has not been established as of December 31, 2024, the Company did not have any outstanding obligation in respect of the plan.

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SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</div>

Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), requires officers and directors of the Company and persons who beneficially own more than 10% of the Common Stock outstanding to file initial statements of beneficial ownership of Common Stock (Form 3) and statements of changes in beneficial ownership of Common Stock (Forms 4 or 5) with the SEC. Officers, directors and such greater than 10% stockholders are required by SEC regulation to furnish the Company with copies of all such forms they file.

Based upon a review of the filings furnished to the Company pursuant to Rule 16a-3(e) promulgated under the Exchange Act and on