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US ENERGY CORP — Director's Dealing 2008
Nov 17, 2008
34687_dirs_2008-11-17_3f946527-02ae-4721-924a-175f4d4f6ab9.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: 2008-11-13
Reporting Person: LARSEN MARK J (Director, PRESIDENT & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-11-13 | Common Stock | D | 4600 | — | Disposed | 0 | Indirect |
| 2008-09-30 | Common Stock | Z | 155811 | — | Disposed | 0 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 142772 | Direct |
| Common Stock | 52272 | Indirect |
| Common Stock | 134281 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $2.52 | 2018-09-21 | Common Stock (75000) | 75000 | Direct |
| Stock Options (Right to Buy) | $2.40 | 2011-01-09 | Common Stock (41248) | 41248 | 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 (98519) | 98519 | 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 (200000) | 200000 | Direct |
Footnotes
F1: Reporting person relinquished custodianship of these shares and released shares to owners who are no longer minors.
F2: Shares that had been pledged against debt by the ESOP payable to USE and not allocated to participant accounts. The loan was retired by surrender of the collateral shares which were subsequently cancelled.
F3: Includes shares held directly by the Reporting Person.
F4: 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.
F5: 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).
F6: Stock options granted under the Issuer's 2001 Incentive Stock Option Plan which vest in three (3) equal annual installments beginning September 22, 2009.
F7: Includes stock options granted under the Issuer's 1998 Incentive Stock Option Plan and exempt under Rule 16b-3.
F8: Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.
F9: Stock options granted under the Issuer's 2001 Incentive Stock Option Plan with a 5 year vesting schedule and exempt under Rule 16b-3.