UR-ENERGY INC — Director's Dealing 2016

Dec 14, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UR-ENERGY INC (URG)
CIK: 0001375205
Period of Report: 2016-12-12

Reporting Person: KLENDA JEFFREY T. (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-12	Common Shares	M	10044	$0.556	Acquired	2806786	Direct
2016-12-12	Common Shares	F	3213	$0.556	Disposed	2803573	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-12	Restricted Share Units (exchange for common shares)	$	M	10044	Disposed		Common Shares (10044)	Direct

Footnotes

F1: Under the terms of the Ur-Energy Inc. Restricted Share Unit Plan, each Restricted Share Unit awarded under the Plan is redeemed on or within thirty (30) days after the applicable redemption date for cash or common shares, as determined by the Compensation Committee of the Board. The Compensation Committee made the determination to satisfy the RSU award by delivering common shares rather than cash.

F2: Restricted share units convert into common shares on a one-for-one basis.

F3: The common shares were priced at $0.73 Canadian dollars per share. $0.556 is the U.S. dollar equivalent of the share price pursuant to the exchange rate as of the transaction date (CDN$ 1.00 = US$ 0.7610), as reported by the Bank of Canada on its website, www.bankofcanada.ca.

F4: On December 12, 2014, the reporting person was granted 20,088 restricted share units, vesting as follows: 10,044 on December 12, 2015 and 10,044 on December 12, 2016.