US ENERGY CORP — Director's Dealing 2014

Mar 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US ENERGY CORP (USEG)
CIK: 0000101594
Period of Report: 2014-03-26

Reporting Person: BANDY THOMAS R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-26	Common Stock	M	3334	$2.32	Acquired	3334	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-26	Director/ Option(rtb)	$2.32	M	3334	Disposed	2022-07-10	U.S. Energy Common Stock (3334)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director/ Option(rtb)	$2.08	2023-06-30	U.S. Energy Common Stock (9000)	9000	Direct

Footnotes

F1: 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 one year from the grant date.