U.S. GOLD CORP. — Director's Dealing 2005

Jan 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DATARAM CORP (DRAM-NASDQ)
CIK: 0000027093
Period of Report: 2005-01-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-05	Common Stock, $1.00 Par Value	S	711	$6.35	Disposed	1	Direct
2005-01-05	Common Stock, $1.00 Par Value	A	3000	$1.71	Acquired	3001	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-05	Options (06/16/1995)	$1.71	A	3000	Acquired	2005-06-16	Common Stock, $1.00 Par Value (3000)	Direct

Footnotes

F1: Shares delivered to Issuer as part of the exercise price of employee stock options.

F2: The Reporting Person holds options to purchase 12,000 shares at $2.3125 a share, which are presently exercisable and expire on 9/10/2006. The Reporting Person holds options to purchase 8,200 shares at $7.98 a share, of which 6,150 shares are presently exercisable and 2,050 shares become exercisable on 11/26/2005.

F3: The Reporting Person holds options to purchase 8,200 shares at $2.99 a share, of which 4,100 shares are presently exercisable and 2,050 shares each become exercisable on 9/18/2005 and 9/18/2006. These options expire on 9/18/2012. The Reporting Peson holds options to purchase 8,200 shares at $4.09 a share, of which 2,050 shares are presently exercisable and 2,050 shares each become exercisable on 9/18/2005, 9/18/2006 and 9/18/2007. These options expire on 9/18/2013. The Reporting Person holds options to purchase 8,200 shares at $6.75 a share which become exercisable on 9/15/2005 and expire on 9/15/2009.

F4: Options were granted to the Reporting Person in consideration of his service as an Officer of the Company. Options were granted at an exercised price equal to the fair market value of the Common Stock on the date of grant.