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US ENERGY CORP — Director's Dealing 2008
Oct 2, 2008
34687_dirs_2008-10-01_9bf96cc7-c1c0-4c5d-94ed-9d58bb0f0eee.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: 2008-09-29
Reporting Person: YOUNGBAUER STEVEN R (SECRETARY & GENERAL COUNSEL)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-10-01 | Common Stock | A | 5000 | — | Acquired | 76574 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-09-29 | Stock Option (Right to Buy) | $2.52 | A | 75000 | Acquired | 2018-09-21 | Common Stock (75000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 13575 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $2.46 | 2014-06-30 | Common Stock (25000) | 25000 | Direct |
| Stock Options (Right to Buy) | $3.86 | 2015-10-13 | Common Stock (50000) | 50000 | Direct |
| Stock Options (Right to Buy) | $4.97 | 2017-07-26 | Common Stock (100000) | 100000 | Direct |
Footnotes
F1: Shares issued to the Reporting Person under the USEG 2001 Stock Compensation Plan. The issuance of these shares is for the funding obligation under the plan for the fourth quarter of the calendar year ending December 31, 2008. The Issuer has agreed under the terms of the Plan to pay all taxes due. The Reporting Person has agreed not to sell these shares to the market or pledge them on obligations until after his (i) retirement; (ii) total disability or (iii) in the case of the death of the Reporting Person his estate may sell the shares of stock.
F2: Includes shares held directly by the Reporting Person.
F3: Includes 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: Stock options granted under the Issuer's 2001 Incentive Stock Option Plan which vest in three (3) equal annual installments beginning September 22, 2009.
F5: Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.
F6: Stock options granted under the Issuer's 2001 Incentive Stock Option Plan with a 5 year vesting schedule and exempt under Rule 16b-3.