4//SEC Filing
LARSEN MARK J 4
Accession 0001127602-11-031019
CIK 0000101594other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 3:18 PM ET
Size
17.0 KB
Accession
0001127602-11-031019
Insider Transaction Report
Form 4
US ENERGY CORPUSEG
LARSEN MARK J
DirectorPRESIDENT & COO
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2011-12-01−52,556→ 0 totalExercise: $2.25From: 2002-08-08Exp: 2011-12-07→ Common Stock (52,556 underlying) - Exercise/Conversion
Common Stock
2011-12-01$2.25/sh+52,556$118,251→ 271,041 total - Tax Payment
Common Stock
2011-12-01$2.65/sh−47,515$125,915→ 223,526 total
Holdings
- 181,493(indirect: By Immediate Family)
Common Stock
- 75,881(indirect: By Esop)
Common Stock
- 100,000
Stock Options (Right to Buy)
Exercise: $3.90From: 2001-12-07Exp: 2011-12-06→ Common Stock (100,000 underlying) - 100,000
Stock Options (Right to Buy)
Exercise: $3.86From: 2005-10-14Exp: 2015-10-13→ Common Stock (100,000 underlying) - 200,000
Stock Options (Right to Buy)
Exercise: $4.97From: 2008-01-01Exp: 2017-07-26→ Common Stock (200,000 underlying) - 75,000
Stock Option (Right to Buy)
Exercise: $2.52From: 2009-09-22Exp: 2018-09-21→ Common Stock (75,000 underlying) - 98,519
Stock Options (Right to Buy)
Exercise: $2.46From: 2004-07-01Exp: 2014-06-30→ Common Stock (98,519 underlying)
Footnotes (6)
- [F1]Received 5,041 net shares from the exercise of 52,556 options at a strike price of $2.25 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, December 1, 2011, of $2.65 per share.
- [F2]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.
- [F3]Includes shares held in ESOP accounts established to benefit members of the Reporting Persons 'Immediate Family', as that term is defined in Rule 16a-1(e), in accordance with Rule 16a-8(b)(2).
- [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 0001267115
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 3:18 PM ET
- Size
- 17.0 KB