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WESTWATER RESOURCES, INC. Director's Dealing 2011

Jan 14, 2011

34414_dirs_2011-01-14_82047b7b-8139-4ab3-9179-ca4b3e9cccdf.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: 2011-01-12

Reporting Person: WILLMOTT PAUL KENNETH (Director, Executive Chairman)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-01-12 Common Stock $0.001 par value (10,387 Restricted shares) M 652122 $0.785 Acquired 840313 Direct
2011-01-12 Common Stock $0.001 par value (10,387 Restricted shares) S 310736 $3.2196 Disposed 529577 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-01-12 Stock option (right to buy) $0.80 M 81129 Disposed 2011-01-11 Common stock (81129) Direct
2011-01-12 Stock option (right to buy) $0.624 M 56090 Disposed 2011-01-11 Common stock (56090) Direct
2011-01-12 Stock option (right to buy) $0.80 M 514903 Disposed 2011-01-11 Common stock (514903) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock option (right to buy) $1.16 2014-06-02 Common stock (382000) 382000 Direct
Stock option (right to buy) $1.16 2014-06-02 Common stock (180500) 180500 Direct

Footnotes

F1: Stock options available pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 1999 of $64,903.75 which was exercised at $0.80 per share into common stock of the issuer.

F2: Stock options available pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 1999 of $35,000.00 which was exercised at $0.624 per share into common stock of the issuer.

F3: Stock options available pursuant to deferred compensation plans of the Issuer. Represents deferred compensation for 2000 through 2004 of $411,922.07 which was exercised at $0.80 per share into common stock of the issuer.

F4: Stock options granted pursuant to Companys Stock Incentive Plan which can be exercised at $1.16 per share. 53,879 shares vested 06/02/04 and 82,030 shares vested each year on June 2, 2005, 2006 and 2007 and 82,031 vested June 2, 2008.

F5: Stock options granted pursuant to Companys Stock Option Plan which can be exercised at $1.16 per share. 45,125 shares vested 06/02/04 and 45,125 vested each year on June 2, 2005, 2006 and 2007.

F6: Sale made pursuant to 10b5-1 plan.

F7: Acquisition of common stock pursuant to conversion of $652,122.02 of deferred compensation from the Company's 1999-2004 Deferred Compensation Plans.