FRASER H RUSSELL 4
4 · US ENERGY CORP · Filed Nov 8, 2010
Insider Transaction Report
Form 4
US ENERGY CORPUSEG
FRASER H RUSSELL
Director
Transactions
- Disposition to Issuer
Common Stock
2010-11-05$5.75/sh−3,200$18,400→ 21,363 total - Exercise/Conversion
Stock Options (Right to Buy)
2010-11-04−5,000→ 5,000 totalExercise: $2.40From: 2001-01-01Exp: 2011-01-09→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2010-11-05$2.40/sh+3,200$7,680→ 24,563 total - Exercise/Conversion
Common Stock
2010-11-04$2.40/sh+5,000$12,000→ 26,363 total - Exercise/Conversion
Stock Options (Right to Buy)
2010-11-05−3,200→ 1,800 totalExercise: $2.40From: 2001-01-01Exp: 2011-01-09→ Common Stock (3,200 underlying) - Disposition to Issuer
Common Stock
2010-11-04$5.50/sh−5,000$27,500→ 21,363 total
Holdings
- 25,000
Stock Options (Right to Buy)
Exercise: $3.86From: 2005-10-14Exp: 2015-10-13→ Common Stock (25,000 underlying) - 50,000
Stock Options (Right to Buy)
Exercise: $2.46From: 2005-07-01Exp: 2014-06-30→ Common Stock (50,000 underlying) - 20,000
Stock Options (Right to Buy)
Exercise: $3.90From: 2001-12-07Exp: 2011-12-07→ Common Stock (20,000 underlying) - 1,300(indirect: By Spouse)
Common Stock
- 10,000
Stock Options (Right to Buy)
Exercise: $2.25From: 2002-08-08Exp: 2011-12-06→ Common Stock (10,000 underlying) - 30,000
Director/ Option(rtb)
Exercise: $2.52From: 2009-09-22Exp: 2018-09-21→ U.S. Energy Common Stock (30,000 underlying)
Footnotes (7)
- [F1]Includes shares held directly by the Reporting Person.
- [F2]Includes 1,000 shares held in joint tenancy with the Reporting Person's wife.
- [F3]Includes 4,000 shares held in an Individual Retirement Account (IRA) for the benefit of the Reporting Person.
- [F4]Options purchased and sold under the Reporting Person's 10(b) 5-1 Plan dated August 16, 2010.
- [F5]Includes 1,300 shares held in an IRA established for the benefit of the Reporting Person's wife. The Reporting Person disclaims any beneficial interest in these shares.
- [F6]Options issued to Reporting Person as a member of the Issuer's Board of Directors.
- [F7]Stock Options granted under the Issuer's 2008 SOP for the Independent Directors and Advisory Board Members which vest in three (3) equal annual installments beginning September 22, 2009.