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US ENERGY CORP — Director's Dealing 2008
Nov 25, 2008
34687_dirs_2008-11-25_fde3f5fe-d42d-43bc-9f44-588b94d7dbcc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: US ENERGY CORP (USEG)
CIK: 0000101594
Period of Report: 2008-11-25
Reporting Person: LARSEN KEITH G (Director, CHAIRMAN & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-11-25 | Common Stock | A | 466513 | — | Acquired | 466513 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 264335 | Direct |
| Common Stock | 65853 | Indirect |
| Common Stock | 120700 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $2.40 | 2011-01-09 | Common Stock (267734) | 267734 | Direct |
| Stock Options (Right to Buy) | $3.90 | 2011-12-06 | Common Stock (100000) | 100000 | Direct |
| Stock Options (Right to Buy) | $2.25 | 2011-12-07 | Common Stock (52556) | 52556 | Direct |
| Stock Options (Right to Buy) | $2.46 | 2014-06-30 | Common Stock (59350) | 59350 | Direct |
| Stock Options (Right to Buy) | $3.86 | 2015-10-13 | Common Stock (100000) | 100000 | Direct |
| Stock Options (Right to Buy) | $4.97 | 2017-07-26 | Common Stock (150000) | 150000 | Direct |
| Stock Option (Right to Buy) | $2.52 | 2018-09-21 | Common Stock (75000) | 75000 | Direct |
Footnotes
F1: As a result of the settlement of Mr. John L. Larsen's Estate, 466,513 shares of U.S. Energy common stock were put into a Family Trust. Keith Larsen is John L. Larsen's son and serves as the Co-Trustee of a Family Trust.
F2: Includes shares held directly by the Reporting Person.
F3: Shares held in the U.S. Energy Corp. Employee Stock Ownership Plan (the 'ESOP') in an account established for the benefit of the Reporting Person.
F4: Includes shares held in ESOP accounts established to benefit members of the Reporting Persons 'Immediate Family', as that term is defined in Rule 16a-1(e), in accordance with Rule 16a-8(b)(2).
F5: Includes stock options granted under the Issuer's 1998 Incentive Stock Option Plan and exempt under Rule 16b-3.
F6: Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.
F7: Stock options granted under the Issuer's 2001 Incentive Stock Option Plan with a 5 year vesting schedule and exempt under Rule 16b-3.
F8: Stock options granted under the Issuer's 2001 Incentive Stock Option Plan which vest in three (3) equal annual installments beginning September 22, 2009.