UR-ENERGY INC — Director's Dealing 2018

Dec 19, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UR-ENERGY INC (URG)
CIK: 0001375205
Period of Report: 2018-12-14

Reporting Person: GOPLERUD PENNE A (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-17	Common Shares	M	38500	$0.6866	Acquired	172854	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-14	Common share options (right to buy)	$0.6802	A	66588	Acquired	2023-12-14	Common shares (66588)	Direct
2018-12-14	Restricted share units (exchange for common stock)	$	A	16647	Acquired		Common shares (16647)	Direct
2018-12-17	Restricted Share Units (exchange for common stock)	$	M	54210	Disposed		Common shares (54210)	Direct

Footnotes

F1: The options were priced at $0.91 Canadian dollars. This is the U.S. dollar equivalent of the purchase price pursuant to the exchange rate as of the transaction date (Cdn$ 1.00 = US$0.7474) as reported by Bank of Canada on its website, www.bankofcanada.ca.

F2: Options vest from this grant and become exercisable as follows: 21,974 on December 14, 2019; 21,974 on December 14, 2020 and 22,640 on December 14, 2021.

F3: Each unit is redeemable upon vesting for one common share

F4: Units vest and become redeemable on December 14, 2020.

F5: On December 16,2016, the reporting person was granted 54,210 Restricted Share Units ("RSUs") vesting in two years. Subsequently, the Compensation Committee made the determinations to satisfy the RSU award by delivering common shares rather than cash. 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.

F6: The common shares were priced at $0.92 Canadian dollars per share. $0.6866 is the U.S. dollar equivalent of the share price pursuant to the exchange rate as of the transaction date (CDN$ 1.00 = US$ 0.7463), as reported by the Bank of Canada on its website, www.bankofcanada.ca.

F7: The 15,710 shares withheld from issuance by the Company were solely for the purpose of satisfying the tax withholding obligation arising in connection with the vesting of the RSUs granted on December 16, 2016 under the terms of the Ur-Energy Inc. Restricted Share Unit Plan.