FRASER H RUSSELL 4

4 · US ENERGY CORP · Filed Dec 30, 2010

Form 4

Period: 2010-12-28

Director

Transactions

Disposition to Issuer
Common Stock
2010-12-28$6.00/sh−5,000$30,000→ 21,363 total
Exercise/Conversion
Common Stock
2010-12-28$3.90/sh+5,000$19,500→ 26,363 total
Exercise/Conversion
Stock Options (Right to Buy)
2010-12-28−5,000→ 15,000 total
Exercise: $3.90From: 2001-12-07Exp: 2011-12-07→ Common Stock (5,000 underlying)

Holdings

Stock Options (Right to Buy)
Exercise: $2.25From: 2002-08-08Exp: 2011-12-06→ Common Stock (10,000 underlying)
10,000
Director/ Option(rtb)
Exercise: $2.52From: 2009-09-22Exp: 2018-09-21→ U.S. Energy Common Stock (30,000 underlying)
30,000
Stock Options (Right to Buy)
Exercise: $2.46From: 2005-07-01Exp: 2014-06-30→ Common Stock (50,000 underlying)
50,000
Common Stock
(indirect: By Spouse)
1,300
Stock Options (Right to Buy)
Exercise: $3.86From: 2005-10-14Exp: 2015-10-13→ Common Stock (25,000 underlying)
25,000

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 November 15, 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 granted on June 25, 2010 which vest in three (3) equal annual installments beginning June 25, 2011.

Documents

1 file