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US ENERGY CORP — Director's Dealing 2021
Jan 21, 2021
34687_dirs_2021-01-21_739ccdf8-2f3c-47aa-9a55-cc953dae130d.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: 2021-01-19
Reporting Person: Duke Patrick E. (Director, Former 10% Owner)
Reporting Person: Angelus Private Equity Group, LLC (Former 10% Owner)
Reporting Person: APEG Energy II GP, LLC (Former 10% Owner)
Reporting Person: Duke Capital Services, LLC (Former 10% Owner)
Reporting Person: Angelus Capital, LLC (Former 10% Owner)
Reporting Person: APEG Energy II, LP (Former 10% Owner)
Reporting Person: Haarman Paul W. (Former 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-19 | Common Stock | J | 581927 | — | Disposed | 0 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 0 | Direct |
Footnotes
F1: Represents a pro-rata in-kind distribution, and not a purchase or sale, of the Issuer's shares, by APEG II LP (defined in Footnote 2), to its partners without consideration.
F2: APEG Energy II, LP ("APEG II LP") directly owned 581,927 shares of Common Stock, par value $0.01 per share (the "Shares"), of U.S. Energy Corp. APEG Energy II GP, LLC ("APEG II GP") as general partner and investment advisor of APEG II LP may be deemed the beneficial owner of the 581,927 Shares directly owned by APEG II LP. Angelus Capital, LLC ("Angelus Capital") as the sole member of APEG II GP may be deemed to beneficially own the 581,927 Shares beneficially owned by APEG II GP.
F3: Angelus Private Equity Group, LLC ("Angelus Group") as the sole member of Angelus Capital may be deemed to beneficially own the 581,927 Shares beneficially owned by Angelus Capital. Paul W. Haarman as a managing member of Angelus Group may be deemed to beneficially own the 581,927 Shares beneficially owned by Angelus Group. Patrick E. Duke as sole member of Duke may be deemed to beneficially own 581,927 Shares beneficially owned by Duke. Each Reporting Person disclaims beneficial ownership of securities reported herein except to the extent of its/his pecuniary interest therein.
F4: After the pro-rata in-kind distribution (see footnote 1), none of the Reporting Persons, including Mr. Patrick E. Duke, who is a member of the Board of Directors of the Issuer, hold any ownership interest in the Issuer.