STRAUSS RONNY 4
4 · U S ENERGY SYSTEMS INC · Filed Jul 5, 2005
Insider Transaction Report
Form 4
STRAUSS RONNY
Director
Transactions
- Award
Restricted Stock Units
2005-06-30+3,333→ 8,305 total→ Common Stock (3,333 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive one share of U.S. Energy common stock.
- [F2]The reporting person has deferred receipt of the shares of common stock underlying the restricted stock units until the earlier of such person's death, disability, Change in Control and cessation of such person's service as a director of U.S. Energy. Capitalized terms used without being defined herein shall have the meanings ascribed to such terms by U.S Energy's 2000 Executive Incentive Compensation Plan.
- [F3]The restricted stock units are issued in connection with the reporting person's service as a director of the Issuer.