LARSEN KEITH G 4

4 · US ENERGY CORP · Filed Jan 12, 2012

Form 4

Period: 2012-01-12

DirectorCHAIRMAN & CEO

Transactions

Award
Common Stock
2012-01-12$2.91/sh+8,494$24,718→ 97,956 total(indirect: By Esop)
Other
Common Stock
2012-01-12$2.91/sh+20,148$58,631→ 188,060 total(indirect: By Immediate Family)

Holdings

Common Stock
430,275
Stock Options (Right to Buy)
Exercise: $2.46From: 2004-07-01Exp: 2014-06-30→ Common Stock (59,350 underlying)
59,350
Stock Options (Right to Buy)
Exercise: $3.86From: 2005-10-14Exp: 2015-10-13→ Common Stock (100,000 underlying)
100,000
Stock Option (Right to Buy)
Exercise: $2.52From: 2009-09-22Exp: 2018-09-21→ Common Stock (75,000 underlying)
75,000
Stock Options (Right to Buy)
Exercise: $4.97From: 2008-01-01Exp: 2017-07-26→ Common Stock (150,000 underlying)
150,000
Common Stock
(indirect: By Trust)
466,513

Footnotes (8)

[F1]Shares issued in the U.S. Energy Corp. Employee Stock Ownership Plan (the 'ESOP') in an account established for the benefit of the Reporting Person.
[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]Shares issued to be held in ESOP accounts established for the benefit of 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 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).
[F5]As a result of the settlement of Mr. John L. Larsen's Estate, 466,513 shares of U.S. Energy common stock were put into a Family Trust. Keith Larsen is John L. Larsen's son and serves as the Co-Trustee of a Family Trust.
[F6]Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.
[F7]Stock options granted under the Issuer's 2001 Incentive Stock Option Plan with a 5 year vesting schedule and exempt under Rule 16b-3.
[F8]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

1 file