US ENERGY CORP — Director's Dealing 2010

Jul 7, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: US ENERGY CORP (USEG)
CIK: 0000101594
Period of Report: 2010-06-25

Reporting Person: Conrad Stephen Volney (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director/ Option(rtb)	$5.04	2020-06-24	U.S. Energy Common Stock (10000)		Direct

Footnotes

F1: Stock options granted under the Issuer's 2008 SOP for the Independent Directors and Advisory Board Members granted on June 25, 2010 which vest in three (3) equal annual installments beginning June 25, 2011.