4//SEC Filing
LORIMER R SCOTT 4
Accession 0001127602-11-000925
CIK 0000101594other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 12:36 PM ET
Size
20.9 KB
Accession
0001127602-11-000925
Insider Transaction Report
Form 4
US ENERGY CORPUSEG
LORIMER R SCOTT
DirectorTREASURER & CFO
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2011-01-03−2→ 25,000 totalExercise: $2.52From: 2009-09-22Exp: 2018-09-21→ Common Stock (2 underlying) - Exercise/Conversion
Common Stock
2011-01-03$3.90/sh+100,000$390,000→ 584,492 total - Exercise/Conversion
Common Stock
2011-01-03$4.97/sh+59,640$296,411→ 744,132 total - Exercise/Conversion
Stock Options (Right to Buy)
2011-01-03−100,000→ 0 totalExercise: $3.90From: 2001-12-07Exp: 2011-12-06→ Common Stock (100,000 underlying) - Exercise/Conversion
Common Stock
2011-01-03$2.52/sh+2$5→ 744,134 total - Tax Payment
Common Stock
2011-01-03$6.21/sh−199,140$1,236,659→ 544,994 total - Exercise/Conversion
Stock Options (Right to Buy)
2011-01-03−59,640→ 30,000 totalExercise: $4.97From: 2008-01-01Exp: 2017-07-26→ Common Stock (59,640 underlying)
Holdings
- 92,864(indirect: By Esop)
Common Stock
Footnotes (6)
- [F1]Received 60,502 net shares from the exercise of 259,642 options at strike prices ranging from $2.52 to $4.97 per share. Sufficient shares were withheld from the option exercise to cover the cost of the exercise, federal income taxes, and all statutory payroll taxes. Shares withheld were valued at the market close price on the date of exercise, January 3, 2011, of $6.21 per share.
- [F2]Includes shares held directly by the Reporting Person.
- [F3]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.
- [F4]Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.
- [F5]Stock options granted under the Issuer's 2001 Incentive Stock Option Plan with a 5 year vesting schedule and exempt under Rule 16b-3.
- [F6]Stock options granted under the Issuer's 2001 Incentive Stock Option Plan which vest in three (3) equal annual installments beginning September 22, 2009.
Documents
Issuer
US ENERGY CORP
CIK 0000101594
Entity typeother
Related Parties
1- filerCIK 0001065876
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 12:36 PM ET
- Size
- 20.9 KB