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US ENERGY CORP — Director's Dealing 2014
Jun 27, 2014
34687_dirs_2014-06-27_bd0d19b8-2334-4d16-8dc5-ebe105c26483.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: 2014-06-26
Reporting Person: RICHMOND STEVEN DANIEL (CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-06-26 | Common Stock | M | 50000 | $2.46 | Acquired | 62711 | Direct |
| 2014-06-26 | Common Stock | F | 29216 | $4.21 | Disposed | 33495 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-06-26 | Stock Option (Right to Buy) | $2.46 | M | 50000 | Disposed | 2014-06-30 | Common Stock (50000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 62847 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $2.08 | 2023-06-30 | Common Stock (50000) | 50000 | Direct |
| Stock Option (Right to Buy) | $2.32 | 2022-07-10 | Common Stock (25000) | 25000 | Direct |
| Stock Option (Right to Buy) | $2.52 | 2018-09-21 | Common Stock (30000) | 30000 | Direct |
| Stock Option (Right to Buy) | $4.97 | 2017-07-26 | Common Stock (75000) | 75000 | Direct |
Footnotes
F1: Received 20,784 net shares from the exercise of 50,000 options at a strike price of $2.46 per share. Sufficient shares were surrendered and withheld from the option exercise to cover the cost of the exercise. Shares surrendered and shares withheld were valued at the market close price on the date of exercise, June 24, 2014, of $4.21 per share.
F2: 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.
F3: Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.
F4: Stock options granted under the Issuer's 2012 Equity Plan which vest in three (3) equal annual installments beginning one year from the grant date.
F5: Stock options granted under the Issuer's 2001 Incentive Stock Option Plan which vest in three (3) equal annual installments beginning September 22, 2009
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.