Feinstein Jacob 4
4 · U S ENERGY SYSTEMS INC · Filed Jan 4, 2005
Insider Transaction Report
Form 4
Feinstein Jacob
Director
Transactions
- Award
Option to Buy
2004-10-27+40,000→ 40,000 totalExercise: $0.69From: 2004-10-27→ Common Stock (40,000 underlying) - Award
Restricted Stock Units
2004-12-31+4,763→ 4,763 total→ Common Stock (4,763 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents the right to receive one share of U.S. Energy common stock.
- [F2]The reporting person has deferred receipt of the shares of common stock underlying the restricted stock units until the earlier of such peron's death, disability, Change in Control and cessation of such person's service as a director of U.S. Energy. Capitalized terms used without being defined herein shall have the meanings ascribed to such terms by U.S. Energy's 2000 Executive Incentive Compensation Plan.
- [F3]These options and restricted stock units are issued in connection with the reporting person's service as a director of the Issuer.
- [F4]Exercisable for ten years from the date of grant.