URANIUM ENERGY CORP — Director's Dealing 2012

Aug 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: URANIUM ENERGY CORP (UEC)
CIK: 0001334933
Period of Report: 2012-08-07

Reporting Person: Anthony Harry (Director, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-07	Common Stock	M	118750	$0.33	Acquired	941250	Direct
2012-08-07	Common Stock	F	18750	$2.09	Disposed	922500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-07	Options to Purchase	$0.33	M	118750	Disposed	2015-12-20	Common stock (118750)	Direct

Footnotes

F1: The Reporting Person exercised options previously granted to him under the Company's stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld from the shares issuable to the Reporting Person that number of shares having a fair market value equal to the aggregate exercise price (that being 18,750 shares at a fair market value of $2.09 per share), such that the Reporting Person was issued a total of 100,000 shares.

F2: Granted pursuant to and in accordance with the Company's stock incentive plan.

F3: Subsequent to such exercise, the Reporting Person holds options to purchase 83,750 shares at an exercise price of $0.33 per share expiring on December 20, 2015, 72,500 shares at an exercise price of $0.33 per share expiring on February 1, 2016, 225,000 shares at an exercise price of $0.45 per share expiring on January 2, 2017, 250,000 shares at an exercise price of $0.45 per share expiring on April 7, 2018, 250,000 shares at an exercise price of $2.40 per share expiring on August 26, 2019, 250,000 shares at an exercise price of $2.43 per share, expiring on August 13, 2020, and 90,000 shares at an exercise price of $2.78 per share expiring on September 26, 2021.