4//SEC Filing
LARSEN KEITH G 4
Accession 0001127602-13-012731
CIK 0000101594other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 11:23 AM ET
Size
13.3 KB
Accession
0001127602-13-012731
Insider Transaction Report
Form 4
US ENERGY CORPUSEG
LARSEN KEITH G
DirectorCHAIRMAN & CEO
Transactions
- Award
Common Stock
2013-04-01$1.64/sh+5,000$8,200→ 455,275 total
Holdings
- 114,623(indirect: By Esop)
Common Stock
- 222,524(indirect: By Immediate Family)
Common Stock
- 466,513(indirect: By Trust)
Common Stock
- 75,000
Stock Option (Right to Buy)
Exercise: $2.52From: 2009-09-22Exp: 2018-09-21→ Common Stock (75,000 underlying) - 150,000
Stock Options (Right to Buy)
Exercise: $4.97From: 2008-01-01Exp: 2017-07-26→ Common Stock (150,000 underlying) - 100,000
Stock Options (Right to Buy)
Exercise: $3.86From: 2005-10-14Exp: 2015-10-13→ Common Stock (100,000 underlying) - 59,350
Stock Options (Right to Buy)
Exercise: $2.46From: 2004-07-01Exp: 2014-06-30→ Common Stock (59,350 underlying)
Footnotes (7)
- [F1]Shares issued to the Reporting Person under the USE 2001 Stock Compensation Plan. The issuance of these shares is for the funding obligation under the plan for the second quarter of the calendar year ending December 31, 2013. The issuer has agreed under the terms of the Plan to pay all taxes due. The Reporting Person has agreed not to sell these shares to the market or pledge them on obligations until after his (i) retirement; (ii) total disability or (iii) in the case of the death of the Reporting Person his estate may sell the shares of stock.
- [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]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.
- [F5]Stock options granted under the Issuer's 2012 Equity Plan which vest in three (3) equal annual installments beginning one year from the grant date.
- [F6]Stock options granted under the Issuer's 2001 Incentive Stock Option Plan with a 5 year vesting schedule and exempt under Rule 16b-3.
- [F7]Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.
Documents
Issuer
US ENERGY CORP
CIK 0000101594
Entity typeother
Related Parties
1- filerCIK 0001065872
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 11:23 AM ET
- Size
- 13.3 KB