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: BRESKY MARK R (Vice President, Info. Tech.)

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. Bresky holds options to purchase 3,000 shares at $1.708333 which are presently exercisable and which expire on 6/16/2005. Also, Mr. Bresky holds options to purchase 12,000 shares exercisable at $2.3125 which are presently exercisable at which expire on 9/10/2006. Also, Mr. Bresky holds options to purchase 8,200 shares exercisable at $7.98 a share of which 2,050 shares are presently exercisable, 2,050 shares become exercisable on 11/26/2003, 2,050 shares become exercisable on 11/26/2004 and 2,050 shares become exercisable on 11/26/2005. This option expires on 11/26/2011. Also, Mr. Bresky holds options to purchase 8,200 shares exercisable at $2.99 of which 2,050 shares are presently exercisable, 2,050 shares become exercisable on 9/18/2004, 2,050 shares become exercisable on 9/18/2005 and 2,050 shares become exercisable on 9/18/2006. This option expires on 9/18/2012.