U.S. GOLD CORP. — Director's Dealing 2003

Sep 22, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DATARAM CORP (DRAM-NASDQ)
CIK: 0000027093
Period of Report: 2003-09-18

Reporting Person: MADDOCKS MARK E (Vice President, Finance & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-18	Options	$4.09	A	8200	Acquired	2013-09-18	Common Stock, $1.00 Par Value (8200)	Direct

Footnotes

F1: Options to purchase 2,050 shares become first exercisable on 09/18/2004 and a like amount will become first exercisable on each successive anniversary date until all options become exercisable on 9/18/2007.

F2: Options were granted to the reporting person in consideration of his service as an executive officer of the Company. Options were granted at an exercise price equal to the fair market value of the Common Stock on the date of grant.

F3: Mr. Maddocks holds options to purchase 24,000 shares exercisable at $2.25 which are presently exercisable and expire on 11/28/2005. Mr. Maddocks holds options to purchase 15,000 shares exercisable at $2.3125 which are presently exercisable and which expire on 9/10/2006. Mr. Maddocks holds options to purchase 18,000 shares exercisable at $2.8125 which are presently exercisable and expire on 11/19/2007. Mr. Maddocks holds options to purchase 10,000 shares exercisable at $7.98 of which 2,500 shares are presently exercisable, 2,500 shares each become exercisable on 11/26/2003, on 11/26/2004 and on 11/26/2005. This option expires on 11/26/2011. Mr. Maddocks holds options to purchase 8,200 shares which are exercisable at $2.99, of which 2,050 shares are presently exercisable, 2,050 shares each become exercisable on 9/18/2004, on 9/18/2005 and on 9/18/2006. This option expires on 9/18/2012.