4//SEC Filing
US ENERGY CORP 4
Accession 0001127602-14-012778
$USEGCIK 0000101594operating
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 6:28 PM ET
Size
16.7 KB
Accession
0001127602-14-012778
Insider Transaction Report
Form 4
US ENERGY CORPUSEG
LARSEN KEITH G
DirectorCHAIRMAN & CEO
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2014-03-25−59,350→ 0 totalExercise: $2.46From: 2004-07-01Exp: 2014-06-30→ Common Stock (59,350 underlying) - Exercise/Conversion
Common Stock
2014-03-25$2.46/sh+59,350$146,001→ 514,625 total - Tax Payment
Common Stock
2014-03-25$4.69/sh−38,594$181,006→ 476,031 total
Holdings
- 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) - 122,651(indirect: By Esop)
Common Stock
- 238,740(indirect: By Immediate Family)
Common Stock
- 65,000
Stock Option (Right to Buy)
Exercise: $2.08From: 2014-07-01Exp: 2023-06-30→ Common Stock (65,000 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)
Footnotes (8)
- [F1]Received 20,756 net shares from the exercise of 59,350 options at a strike price of $2.46 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 25, 2014, of $4.69 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]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]Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.
- [F6]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.
- [F7]Stock options granted under the Issuer's 2001 Incentive Stock Option Plan which vest in three (3) equal annual installments beginning September 22, 2009.
- [F8]Stock options granted under the Issuer's 2001 Incentive Stock Option Plan with a 5 year vesting schedule and exempt under Rule 16b-3.
Documents
Issuer
US ENERGY CORP
CIK 0000101594
Entity typeoperating
IncorporatedWY
Related Parties
1- filerCIK 0000101594
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 6:28 PM ET
- Size
- 16.7 KB