4//SEC Filing
US ENERGY CORP 4
Accession 0000101594-07-000153
$USEGCIK 0000101594operating
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 4:42 PM ET
Size
23.4 KB
Accession
0000101594-07-000153
Insider Transaction Report
Form 4
US ENERGY CORPUSEG
HERRON HAROLD F
DirectorSR VICE PRESIDENT
Transactions
- Tax Payment
U.S. Energy Common Stock
2007-07-02−7,106→ 171,868 total - Exercise/Conversion
Employee Option 1a (Right to Buy)
2007-07-02−20,109→ 0 totalExercise: $2.00From: 1998-12-04Exp: 2008-09-25→ U.S. Energy Common Stock (20,109 underlying) - Exercise/Conversion
U.S. Energy Common Stock
2007-07-02$2.00/sh+20,109$40,218→ 178,974 total - Other
U.S. Energy Common Stock
2007-07-02+5,000→ 158,865 total
Holdings
- 4,500(indirect: By Children)
U.S. Energy Common Stock
- 155,811(indirect: By Trust)
U.S. Energy Common Stock
- 125,000
Employee Option 5 (Right to Buy)
Exercise: $2.46From: 2004-07-01Exp: 2014-06-30→ U.S. Energy Common Stock (125,000 underlying) - 300,556(indirect: By Corporation)
U.S. Energy Common Stock
- 50,000
Employee Option 3 (Right to Buy)
Exercise: $3.90From: 2001-12-07Exp: 2011-12-06→ U.S. Energy Common Stock (50,000 underlying) - 27,617
Employee Option 2 (Right to Buy)
Exercise: $2.40From: 2001-01-10Exp: 2011-01-09→ U.S. Energy Common Stock (27,617 underlying) - 26,278
Employee Option 4 (Right to Buy)
Exercise: $2.25From: 2002-08-08Exp: 2011-12-07→ U.S. Energy Common Stock (26,278 underlying) - 34,724(indirect: By ESOP)
U.S. Energy Common Stock
- 100,000
Employee Option 6 (Right to Buy)
Exercise: $3.86From: 2005-10-14Exp: 2015-10-13→ U.S. Energy Common Stock (100,000 underlying)
Footnotes (11)
- [F1]Shares issued to the Reporting Person under the USEG 2001 Stock Compensation Plan as ammended on June 22, 2007. The issuance of these shares is for the funding obligation under the plan for the third quarter of the calendar year ending December 31, 2007. The Issuer has agreed under the terms of the Plan to pay all taxes due. The Reporting Person has agreed not to sell these shares to the market or pledge them on obligations until after his (i) retirement; (ii) total disability or (iii) in the case of the death of the Reporting Person his estate may sell the shares of stock.
- [F10]Includes stock options granted under the Issuer's 1998 Incentive Stock Option Plan and exempt under Rule 16b-3.
- [F11]Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.
- [F2]Surrendered shares for payment of exercise of options.
- [F3]Includes 160,868 shares held directly by the Reporting Person.
- [F4]Includes 11,000 shares held in an Individual Retirement Account (IRA) for the benefit of the Reporting Person.
- [F5]Includes 175,000 shares held by Sutter Gold Mining Co., Inc. (SGMI), a subsidiary of USEG. The Reporting Person is an Officer and/or Director of both USEG and SGMI 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 SGMI, under rule 16a-1(a)(2)(iii).
- [F6]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).
- [F7]Includes 4,500 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.
- [F8]Shares held in the U.S. Energy Corp. Employee Stock Ownership Plan (the 'ESOP') in an account established for the benefit of the Reporting Person. Subsequent to the final year end close the number of shares issued to the Reporting Person's ESOP account has been adjusted from shares forfieted by Plan participants.
- [F9]Includes shares held in the ESOP which are not allocated to accounts established for the benefit of specific plan participants. The Reporting Person, as an ESOP Trustee, exercises the voting powers with respect to such unallocated shares.
Documents
Issuer
US ENERGY CORP
CIK 0000101594
Entity typeoperating
IncorporatedWY
Related Parties
1- filerCIK 0000101594
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 4:42 PM ET
- Size
- 23.4 KB