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US ENERGY CORP — Director's Dealing 2025
Jan 13, 2025
34687_dirs_2025-01-13_cc960a73-6789-4fac-91f2-1357d7c152fc.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: 2025-01-09
Reporting Person: King Duane H (Director, 10% Owner, Member of 10% owner group)
Reporting Person: King Oil & Gas Company, Inc. (Director owned entity)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-01-09 | Common Stock | A | 1400000 | — | Acquired | 1400000 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 148913 | Direct |
| Common Stock | 2027399 | Direct |
Footnotes
F1: Excludes shares of common stock relating to the voting group included under "Remarks".
F2: Represents shares of common stock, $0.01 par value per share of the Issuer, held by Mr. Duane H. King.
F3: Represents shares of common stock, $0.01 par value per share of the Issuer, held by King Oil & Gas Company, Inc. ("King Oil"), which is 100% owned by Duane K. King. The shares held by King Oil may be deemed to be beneficially owned by Mr. King due to his status as Chief Executive Officer of King Oil. Mr. King disclaims beneficial ownership other than to the extent of his pecuniary interest therein.
F4: Represents shares of common stock, $0.01 par value per share of the Issuer, held directly by Synergy Offshore, LLC ("Synergy"). The shares held by Synergy may be deemed to be beneficially owned by Mr. King due to his status as Chief Executive Officer and current sole manager of Synergy. Mr. King and King Oil are also owners of member interests in Synergy Producing Properties, LLC ("SPP"), which is the 100% owner of Synergy. Mr. King and King Oil each may be deemed to beneficially own the shares of common stock owned by Synergy based on certain member rights in SPP. Mr. King and King Oil disclaim beneficial ownership other than to the extent of his pecuniary interest therein.
F5: The shares were issued by the Issuer, and acquired by Synergy, as seller, pursuant to a Purchase and Sale Agreement (the "PSA") as partial consideration for the sale of assets by the seller. No fair market value has been determined or allocated at this time to the share consideration or other non-cash consideration issued under the PSA.