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4//SEC Filing

US ENERGY CORP 4

Accession 0000101594-06-000214

$USEGCIK 0000101594operating
View on SEC.govCompany Profile

Filed

Jul 17, 8:00 PM ET

Accepted

Jul 18, 6:15 PM ET

Size

24.8 KB

Accession

0000101594-06-000214

Insider Transaction Report

Form 4
Period: 2006-07-17
US ENERGY CORPUSEG
SVILAR DANIEL P
SECRETARY/IN-HOUSE COUNCIL
Transactions
  • Exercise/Conversion

    Employee Option 2 (Right to Buy)

    2006-07-17−11,209→ 110,691 total
    Exercise: $2.40From: 2001-01-10Exp: 2011-01-09→ U.S. Energy Common Stock (11,209 underlying)
  • Exercise/Conversion

    U.S. Energy Common Stock

    2006-07-17$2.40/sh+11,209$26,902→ 288,413 total
  • Exercise/Conversion

    U.S. Energy Common Stock

    2006-07-17$2.25/sh+44,444$99,999→ 277,204 total
  • Tax Payment

    U.S. Energy Common Stock

    2006-07-17$4.23/sh−30,000$126,900→ 258,413 total
  • Exercise/Conversion

    Employee Option 4 (Right to Buy)

    2006-07-17−44,444→ 52,556 total
    Exercise: $2.25From: 2002-08-08Exp: 2011-12-07→ U.S. Energy Common Stock (44,444 underlying)
Holdings

  • Employee Option 5 (Right to Buy)

    Exercise: $2.46From: 2004-07-01Exp: 2014-06-30→ U.S. Energy Common Stock (125,000 underlying)
    125,000

  • U.S. Energy Common Stock

    (indirect: By Children)
    1,000

  • Employee Option 1 (Right to Buy)

    Exercise: $2.88From: 1998-12-04Exp: 2008-09-05→ U.S. Energy Common Stock (34,782 underlying)
    34,782

  • Employee Option 6 (Right to Buy)

    Exercise: $3.86From: 2005-10-14Exp: 2015-10-13→ U.S. Energy Common Stock (100,000 underlying)
    100,000

  • U.S. Energy Common Stock

    (indirect: By Corporation)
    817,915

  • Employee Option 1a (Right to Buy)

    Exercise: $2.00From: 1998-12-04Exp: 2008-09-25→ U.S. Energy Common Stock (40,218 underlying)
    40,218

  • Employee Option 3 (Right to Buy)

    Exercise: $3.90From: 2001-12-07Exp: 2011-12-06→ U.S. Energy Common Stock (100,000 underlying)
    100,000
Footnotes (11)
  • [F1]Includes 129,103 shares held directly by the Reporting Person.
  • [F10]Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.
  • [F11]Includes stock options granted under the Issuer's 1998 Incentive Stock Option Plan and exempt under Rule 16b-3.
  • [F2]Includes 630 shares held in a street name account for the benefit of the Reporting Person.
  • [F3]Includes 16,000 shares held in an Individual Retirement Account (IRA) for the benefit of the Reporting Person.
  • [F4]Includes 22,680 shares issued under the USEG Restricted Stock Bonus Plan and 90,000 shares issued under the 1996 Stock Award program which are subject to forfeiture by the Reporting Person. Shares issued under the 1996 Stock Award program vest over a 5-year period at the rate of 20% per year, The forfeitable shares issued under both plans are deemed 'earned out' by the Reporting Person: (i) if he is continuously employed by USEG until he retires; (ii) if he becomes disabled; (iii) upon his death, or (iv) if the shares are claimed within three years following the occurrence of (i) (ii) (iii). The treasurer of USEG holds the shares in trust for the benefit of the Reporting Person, while non-employee directors of USEG exercise shared voting and dispositive rights over all forfeitable shares. Distributions to the Reporting Person will not be separately reported. The acquisitions of the shares by the Reporting Person from both the Bonus Plan and the Award Program are exempt under Rule 16b
  • [F5]Includes 125,556 shares held by Plateau Resources Limited (Plateau), a wholly owned subsidiary of USEG. The Reporting Person is an Officer and/or Director of both USEG and Plateau and is not a controlling shareholder and does not have or share investment controll over these shares, and therefore does not have a pecuniary interest in the USEG shares held by Plateau, under rule 16a-1(a)(2)(iii).
  • [F6]Includes 175,000 shares held by Sutter Gold Mining Company (SGMC), a subsidiary of USEG. The Reporting Person is an Officer and/or Director of both USEG and SGMC and is not a controlling shareholder and does not have or share investment controll over these shares, and therefore does not have a pecuniary interest in the USEG shares held by SGMC, under rule 16a-1(a)(2)(iii).
  • [F7]Includes 512,359 shares held by Crested Corp. (Crested), a majority-owned subsidiary of USEG. The Reporting Person is an Officer and/or Director of both USEG and Crested and is not a controlling shareholder and does not have or share investment controll over these shares, and therefore does not have a pecuniary interest in the USEG shares held by Crested, under rule 16a-1(a)(2)(iii).
  • [F8]Includes 5,000 shares held by Svilar, Inc. a private corporation of which the Reporting Person is a major shareholder, Officer and Director.
  • [F9]Includes 1,000 shares indirectly held by the Reporting Person as Custodian for minor children under the Wyoming Uniform Transfers to Minors Act. The Reporting Person disclaims beneficial and pecuniary interest in these shares.

Documents

1 file

Issuer

US ENERGY CORP

CIK 0000101594

→
Entity typeoperating
IncorporatedWY

Related Parties

1
  • filerCIK 0000101594

Filing Metadata

Form type
4
Filed
Jul 17, 8:00 PM ET
Accepted
Jul 18, 6:15 PM ET
Size
24.8 KB
View on SEC.gov