U.S. GOLD CORP. — Director's Dealing 2004

Sep 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DATARAM CORP (DRAM-NASDQ)
CIK: 0000027093
Period of Report: 2004-09-15

Reporting Person: LOUGEE ANTHONY (Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-15	Options (9/15/2004)	$6.75	A	2500	Acquired	2009-09-15	Common Stock, $1.00 Par Value (2500)	Direct

Footnotes

F1: 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.

F2: The Reporting Person holds options to purchase 6,000 shares of Common Stock at $6.00 a share which are presently exercisable and expire on 6/9/2009. The Reporting Person holds options to purchase 2,500 shares at $7.98 a share of which 1,250 are presently exercisable and 625 each will become exercisable on 11/26/2004 and 11/26/2005. These options expire on 11/26/2011.

F3: The Reporting Person holds options to purchase 1,875 shares exercisable at $2.99 a share of which 625 options each will become exercisable on 9/18/2004, 9/18/2005 and 9/18/2006. These options expire on 9/18/2012. The Reporting Person holds options to purchase 2,500 shares at $4.09 a share of which 625 each will become exercisable on 9/18/2004, 9/18/2005, 9/18/2006 and 9/18/2007. These options expire on 9/18l/2013.