US ENERGY CORP 4
4 · US ENERGY CORP · Filed Mar 26, 2014
Insider Transaction Report
Form 4
US ENERGY CORPUSEG
LORIMER R SCOTT
DirectorTREASURER & CFO
Transactions
- Exercise/Conversion
Common Stock
2014-03-24$2.85/sh+10,000$28,500→ 621,074 total - Tax Payment
Common Stock
2014-03-24$4.78/sh−5,962$28,498→ 615,112 total - Exercise/Conversion
Director/ Option(rtb)
2014-03-24−10,000→ 5,000 totalExercise: $2.85From: 2013-03-22Exp: 2022-03-21→ U.S. Energy Common Stock (10,000 underlying)
Holdings
- 9,000
Director/ Option(rtb)
Exercise: $2.08From: 2014-07-01Exp: 2023-06-30→ U.S. Energy Common Stock (9,000 underlying)
Footnotes (2)
- [F1]Received 4,038 net shares from the exercise of 10,000 options at a strike price $2.85 per share. Sufficient shares were withheld from the option exercise to cover the cost of the exercise. Shares withheld were valued at the market close price on the date of exercise, March 24, 2014, of $4.78 per share.
- [F2]Stock options granted under the Issuer's 2008 SOP for the Independent Directors and Advisory Board Members which vest in three (3) equal annual installments beginning one year from the grant date.