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US ENERGY CORP Director's Dealing 2012

Sep 10, 2012

34687_dirs_2012-09-10_3bd2121f-d5ea-4451-9865-ea39bc709a2a.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: US ENERGY CORP (USEG)
CIK: 0000101594
Period of Report: 2012-09-07

Reporting Person: RICHMOND STEVEN DANIEL (CFO)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 12711 Direct
Common Stock 44310 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (Right to Buy) $2.46 2014-06-30 Common Stock (50000) Direct
Stock Option (Right to Buy) $4.97 2017-07-26 Common Stock (75000) Direct
Stock Option (Right to Buy) $2.52 2018-09-21 Common Stock (30000) Direct
Stock Option (Right to Buy) $2.32 2022-07-10 Common Stock (25000) Direct

Footnotes

F1: 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.

F2: Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.

F3: Stock options granted under the Issuer's 2001 Incentive Stock Option Plan with a 5 year vesting schedule and exempt under Rule 16b-3.

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: Stock options granted under the Issuer's 2012 Eq1uity Plan which vest in three (3) equal annual installments beginning one year from the grant date.