US ENERGY CORP — Director's Dealing 2022

Jan 12, 2022

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: US ENERGY CORP (USEG)
CIK: 0000101594
Period of Report: 2022-01-05

Reporting Person: King Duane H (Director, 10% Owner, Member of 10% owner group)
Reporting Person: Hightower Lee (10% Owner, Member of 10% owner group)
Reporting Person: Synergy Offshore LLC (10% Owner, Member of 10% owner group)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6546384	Direct

Footnotes

F1: Excludes shares of common stock relating to the voting group described below under "Remarks", except as described in footnote (2).

F2: Represents shares of common stock, $0.01 par value per share of the Issuer, held by Synergy Offshore LLC ("Synergy"), a Texas limited liability company. The shares held by Synergy may be deemed to be beneficially owned by Mr. King and Mr. Hightower due to their status as Chief Executive Officer and Manager and President and Manager, respectively, of Synergy, and a result of their respective ownership and positions as Managers and Officers of the limited liability company that owns 100% of the membership interests of Synergy. Mr. King and Mr. Hightower, however, disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.