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WESTWATER RESOURCES, INC. Director's Dealing 2008

Jul 17, 2008

34414_dirs_2008-07-17_114c9263-c3ba-4b58-a2f0-d2c7d68af83f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: URANIUM RESOURCES INC /DE/ (URRE)
CIK: 0000839470
Period of Report: 2008-06-04

Reporting Person: Ireland George Ring (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-07-15 Common stock par valur $0.001 A 250 $1.00 Acquired 1691239 Indirect
2008-07-15 Common stock par value $0.001 A 25000 $0.88 Acquired 1716239 Indirect
2008-07-15 Common stock par value $0.001 A 250 $0.16 Acquired 1716489 Indirect
2008-07-15 Common Stock par value $0.001 A 75000 $1.16 Acquired 1791489 Indirect
2008-07-15 Common stock pr value $0.001 A 18750 $1.80 Acquired 1810239 Indirect
2008-07-15 Common stock par alue $0.001 A 115250 $0.80 Acquired 1925489 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-07-15 Stock Option (right to buy) $1.00 D 250 Disposed 2009-06-18 Common Stock (250) Direct
2008-07-15 Stock Option (right to buy) $0.88 D 25000 Disposed 2011-06-19 Common Stock (25000) Direct
2008-07-15 Stock Option (right to buy) $0.16 D 250 Disposed 2013-06-01 Common Stock (250) Direct
2008-07-15 Stock Option (right to buy) $1.16 D 75000 Disposed 2014-06-02 Common Stock (75000) Direct
2008-07-15 Stock option (right to buy) $1.80 D 18750 Disposed 2015-06-01 Common stock (25000) Direct
2008-07-15 Stock Option (right to buy) $0.80 D 42500 Disposed 2011-01-11 Common Stock (42500) Direct
2008-07-15 Stock Option (right to buy) $0.80 D 20000 Disposed 2011-01-11 Common Stock (20000) Direct
2008-07-15 Stock Option (right to buy) $0.80 D 20000 Disposed 2011-01-11 Common Stock (20000) Direct
2008-07-15 Stock Option (right to buy) $0.80 D 32750 Disposed 2011-01-11 Common Stock (32750) Direct
2008-06-04 Stock option (right to buy) $4.10 A 50000 Acquired 2019-06-04 Common stock ($0.001 par value) (50000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock $0.001 Par Value 5000 Indirect
Common Stock $0.001 Par Value 12680 Direct
Common stock par value $0.001 1551012 Indirect
Common stock par value $0.001 1690989 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Option (right to buy) $10.00 2008-06-05 Common Stock (250) 250 Direct
Stock option (right to buy) $5.15 2016-06-01 Common stock (25000) 25000 Direct
Stock Option (right to Buy) $11.32 2018-07-12 Common Stock (par value ($0.001) (50000) 50000 Direct

Footnotes

F1: Purchase from Elizabeth Ring Mather & William Gwinn Mather Fund by George R. Ireland as Trustee for the foundation. Mr. Ireland disclaims beneficial economic ownership of these shares.

F2: Stock options obtainable pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 2000 and 2001 of $34,000 which can be exercised at $0.80 per share into common stock of the Issuer.

F3: Stock option vests over a four-year period beginning one year from the date of grant.

F4: Stock options obtainable pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 2002 of $16,000 which can be exercised at $0.80 per share into common stock of the Issuer.

F5: Stock options obtainable pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 2003 of $16,000 which can be exercised at $0.80 per share into common stock of the Issuer.

F6: Stock options obtainable pursuant to deferred compensation plans of the Issuer. Represents deferred compensation for 2004 of $26,200 which can be exercised at $0.80 per share into common stock of the Issuer.

F7: 1,218,466 and 314,866 shares owned by Geologic Resource Fund Ltd. and Geologic Resource Fund LP, respectively. Mr. Ireland is the managing partner and has an economic interest in each of these funds.

F8: 139,977 shares purchased for accounts mangaged by GRI Holdings LLC. Mr. Ireland is the sole member of GRI Holdings LLC. Mr. Ireland holds voting and depository authority for these shares.

F9: Represents exercise of stock options and conversion of deferred compensation by George R. Ireland on July 10, 2008. After the exercise and conversion Mr. Ireland held direct ownership in 247,180 shares.