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

Jun 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DATARAM CORP (DRAM-NASDQ)
CIK: 0000027093
Period of Report: 2004-06-07

Reporting Person: LOUGEE ANTHONY (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-07	Common Stock, $1.00 Par Value	M	2400	$2.3125	Acquired	2400	Direct
2004-06-07	Common Stock, $1.00 Par Value	S	2400	$10.11	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-07	Options (9/9/1996)	$2.3125	M	2400	Disposed	2006-09-09	Common Stock, $1.00 Par Value (2400)	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: Mr. Lougee holds options to purchase 12,000 shares of Common Stock exercisable at $6.00 a share which are presently exercisable. These options expire on 6/9/2009. In addition, Mr. Lougee holds options to purchase 2,500 shares at $7.98 a share of which 1,250 shares are presently exercisable, 625 shares become exercisable on 11/26/2004 and 625 shares become exercisable on 6/26/2005. These options expire on 11/26/2011.

F3: Also, Mr. Lougee holds options to purchase 2,500 shares exercisable 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. These options expire on 9/18/2012. Finally, Mr. Lougee holds options to purchase 2,500 shares exercisable at $4.09 a share of which 625 shares become exercisable on 9/17/2004, 625 shares become exercisable on 9/17/2005, 625 shares become exercisable on 9/17/2006 and 625 shares become exercisable on 9/17/2007. These options expire on 9/17/2013.