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: LOUGEE ANTHONY (Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-18	Options	$4.09	A	2500	Acquired	2013-09-18	Common Stock, $1.00 Par Value (2500)	Direct

Footnotes

F1: Options to purchase 625 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: In addition, Mr. Lougee holds options to purchase 2,400 shares exercisable at $2.3125 a share which options are presently exercisable and expire on 9/10/2006. Also, Mr. Lougee holds options to purchase 12,000 shares exercisable at $6.00 a share of which 9,600 shares are presently exercisable and 2,400 shares become exercisable on 6/9/2004. This option expires on 6/9/2009. In addition, Mr. Lougee holds options to purchase 2,500 shares at $7.98 a share of which 625 shares are presently exercisable, 625 shares become exercisable on 11/26/2003, 625 shares become exercisable on 11/26/2004 and 625 shares becomes exercisable on 11/26/2005. This option expires on 11/26/2011. Also, Mr. Lougee holds options to purchase 2,500 shares execisable at $2.99 a share of which 625 shares are presently exercisable, 625 shares will become exercisable on 9/18/2004, 625 shares will become exercisable on 9/18/2005 and 625 shares will become exercisable on 9/18/2006. This option expires on 9/18/2012.