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: MADDOCKS MARK E (Vice President,Finance and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-15	Options (9/15/2004)	$6.75	A	8200	Acquired	2009-09-15	Common Stock, $1.00 Par Value (8200)	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 24,000 shares at $2.25 which are presently exercisable and expire on 11/28/2005. The Reporting Person holds options to purchase 15,000 shares at $2.3125 which are presently exercisable and which expire on 9/10/2006. The Reporting Person holds options to purchase 18,000 shares at $2.8125, which are presently exercisable and expire on 11/19/2007. The Reporting Person holds options to purchase 10,000 shares at $7.98, of which 5,000 shares are presently exercisable and 2,500 shares each become exercisable on 11/26/2004 and 11/26/2005. This option expires on 11/26/2011.

F3: The Reporting Person holds options to purchase 8,200 shares at $2.99, of which 2,050 shares are exercisable, 2,050 shares each 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 8,200 shares at $4.09 a share, of which 2,050 shares each become exercisable on 9/18/2004, 9/18/2005, 9/18/2006 and 9/18/2007. These options expire on 9/18/2013.