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US ENERGY CORP — Director's Dealing 2010
Nov 8, 2010
34687_dirs_2010-11-08_280dfee7-5e45-4b6f-bb1c-6f719f37a725.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: 2010-11-04
Reporting Person: FRASER H RUSSELL (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-11-04 | Common Stock | M | 5000 | $2.40 | Acquired | 26363 | Direct |
| 2010-11-04 | Common Stock | D | 5000 | $5.50 | Disposed | 21363 | Direct |
| 2010-11-05 | Common Stock | M | 3200 | $2.40 | Acquired | 24563 | Direct |
| 2010-11-05 | Common Stock | D | 3200 | $5.75 | Disposed | 21363 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-11-04 | Stock Options (Right to Buy) | $2.40 | M | 5000 | Disposed | 2011-01-09 | Common Stock (5000) | Direct |
| 2010-11-05 | Stock Options (Right to Buy) | $2.40 | M | 3200 | Disposed | 2011-01-09 | Common Stock (3200) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1300 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $2.25 | 2011-12-06 | Common Stock (10000) | 10000 | Direct |
| Stock Options (Right to Buy) | $3.90 | 2011-12-07 | Common Stock (20000) | 20000 | Direct |
| Stock Options (Right to Buy) | $2.46 | 2014-06-30 | Common Stock (50000) | 50000 | Direct |
| Stock Options (Right to Buy) | $3.86 | 2015-10-13 | Common Stock (25000) | 25000 | Direct |
| Director/ Option(rtb) | $2.52 | 2018-09-21 | U.S. Energy Common Stock (30000) | 30000 | Direct |
Footnotes
F1: Includes shares held directly by the Reporting Person.
F2: Includes 1,000 shares held in joint tenancy with the Reporting Person's wife.
F3: Includes 4,000 shares held in an Individual Retirement Account (IRA) for the benefit of the Reporting Person.
F4: Options purchased and sold under the Reporting Person's 10(b) 5-1 Plan dated August 16, 2010.
F5: Includes 1,300 shares held in an IRA established for the benefit of the Reporting Person's wife. The Reporting Person disclaims any beneficial interest in these shares.
F6: Options issued to Reporting Person as a member of the Issuer's Board of Directors.
F7: Stock Options granted under the Issuer's 2008 SOP for the Independent Directors and Advisory Board Members which vest in three (3) equal annual installments beginning September 22, 2009.