WESTWATER RESOURCES, INC. — Director's Dealing 2011

Jan 14, 2011

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: EHRLICH THOMAS H (Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-12	Common Stock $0.001 par value	M	102899	$0.789	Acquired	271190	Direct
2011-01-12	Common Stock $0.001 par value (19,736 restricted shares)	S	49500	$3.2543	Disposed	221690	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	5469	Disposed	2011-01-11	Common stock (5469)	Direct
2011-01-12	Stock option (right to buy)	$0.624	M	6348	Disposed	2011-01-11	Common stock (6348)	Direct
2011-01-12	Stock option (right to buy)	$0.80	M	91082	Disposed	2011-01-11	Common stock (91082)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $0.001 par value	18	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock option (right to buy)	$0.76	2011-02-28	Common stock (13050)	13050	Direct
Stock option (right to buye)	$1.16	2014-06-02	Common stock (375000)	375000	Direct
Stock option (right to buy)	$3.29	2020-12-22	Common stock (25000)	25000	Direct

Footnotes

F1: Indirect ownership as custodian for Sean M Ehrlich.

F2: Stock options available pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 1999 of $4,375 which were exercised at $0.80 per share into common stock of the Issuer.

F3: Stock options available pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 1999 of $3,961.52 which were exercised at $0.624 per share into common stock of the Issuer.

F4: Stock options available pursuant to deferred compensation plans of the Issuer. Represents deferred compensation for 2000 through 2004 of $72,865.38 which were exercised at $0.80 per share into common stock of the Issuer.

F5: Stock options granted pursuant to Company's Stock Incentive Plan which can be exercised at $1.16 per share. All shares are fulled vested.

F6: Stock options granted pursuant to Company's 2004 Employee Incentive Plan which can be exercised at $3.29 per share. All shares vest 12/22/2011.

F7: Acquisition of common stock pursuant to conversion of $81,201.90 of deferred compensation from the Company's 1999-2004 Deferred Compensation Plans.

F8: Sale made pursuant to 10b5-1 plan.