US ENERGY CORP 4

4 · US ENERGY CORP · Filed Jan 6, 2015

Form 4

Period: 2015-01-02

DirectorCHAIRMAN & CEO

Transactions

Award
Stock Option (Right to Buy)
2015-01-02$1.50/sh+100,000$150,000→ 100,000 total
Exercise: $1.50From: 2016-01-02Exp: 2025-01-01→ Common Stock (100,000 underlying)
Award
Common Stock
2015-01-02+100,000→ 576,031 total

Holdings

Common Stock
(indirect: By Trust)
0
Stock Options (Right to Buy)
Exercise: $3.86From: 2005-10-14Exp: 2015-10-13→ Common Stock (100,000 underlying)
100,000
Stock Options (Right to Buy)
Exercise: $4.97From: 2008-01-01Exp: 2017-07-26→ Common Stock (150,000 underlying)
150,000
Stock Option (Right to Buy)
Exercise: $2.52From: 2009-09-22Exp: 2018-09-21→ Common Stock (75,000 underlying)
75,000
Common Stock
(indirect: By Immediate Family)
238,740
Stock Option (Right to Buy)
Exercise: $2.08From: 2014-07-01Exp: 2023-06-30→ Common Stock (65,000 underlying)
65,000
Common Stock
(indirect: By Esop)
122,651

Footnotes (8)

[F1]The restricted stock shares vest in 3 equal annual installments beginning one year from the grant date.
[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]Does not include 441,513 shares owned by a family trust of which Mr. Larsen is a beneficiary as Mr. Larsen does not exercise investment control over those shares.
[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 grated under the Issuer's 2001 Incentive Stock Option Plan which vest in three (3) equal annual installments beginning September 22, 2009.
[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]Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3.

Documents

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