SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

EHRLICH THOMAS H

(Last)

(First)

(Middle)

650 S EDMONDS LANE, SUITE 108

(Street)

LEWISVILLE

75067

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
URANIUM RESOURCES INC /DE/ [ URIX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President & CFO

3. Date of Earliest Transaction (Month/Day/Year)
04/13/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock $0.001 par value								18⁽⁶⁾	I	See footnote⁽¹⁾
Common Stock $0.001 par value								8,081⁽⁶⁾	D
Common stock par value $0.001	04/17/2007		A		50,000⁽⁶⁾	A	$0.8⁽⁶⁾	58,081⁽⁶⁾	D
Common stock par value $0.001	04/17/2007		D		50,000⁽⁶⁾	D	$9.926⁽⁶⁾	8,081⁽⁶⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock option (right to buy)	$11.75⁽⁶⁾							02/23/1999	02/23/2008	Common stock	3,000⁽⁵⁾		3,000⁽⁶⁾	D
Stock option (right to buy)	$0.8⁽⁶⁾							09/27/2001	09/27/2010	Common stock	125,000⁽⁶⁾		125,000⁽⁶⁾	D
Stock Option (right to buy)	$0.8⁽⁶⁾	04/13/2007		C			50,000	09/27/2001	09/27/2010	Common stock	50,000⁽⁶⁾	$0.8⁽⁶⁾	75,000⁽⁶⁾	D
Stock option (right to buy)	$0.76⁽⁶⁾							02/28/2001	02/28/2011	Common stock	13,050⁽⁶⁾		13,050⁽⁶⁾	D
Stock option (right to buy)	$0.8⁽⁶⁾							⁽²⁾	01/11/2006	Common stock	5,468⁽⁶⁾		5,468⁽⁶⁾	D
Stock option (right to buy)	$0.624⁽⁶⁾							⁽³⁾	01/11/2006	Common stock	6,348⁽⁶⁾		6,348⁽⁶⁾	D
Stock option (right to buy)	$0.8⁽⁶⁾							⁽⁴⁾	01/11/2006	Common stock	91,081⁽⁶⁾		91,081⁽⁶⁾	D
Stock option (right to buye)	$1.16⁽⁶⁾							⁽⁵⁾	06/02/2014	Common stock	375,000⁽⁶⁾		375,000⁽⁶⁾	D

Explanation of Responses:

1. Indirect ownership as custodian for Sean M Ehrlich.

2. Stock options available pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 1999 of $4,375 which can be exercised at $0.80 per share into common stock of the Issuer.

3. Stock options available pursuant to deferred compensation plans of the Issuer. Represents deferred compensation in 1999 of $3,961.52 which can be exercised at $0.624 per share into common stock of the Issuer.

4. Stock options available pursuant to deferred compensation plans of the Issuer. Represents deferred compensation for 2000 through 2004 of $72,865.38 which can be exercised at $0.80 per share into common stock of the Issuer.

5. Stock options granted pursuant to Company's Stock Incentive Plan which can be exercised at $0.29 per share. 258,620 shares vest 06/02/04 and 310,345 shares vest each year on June 2, 2005, 2006, 2007 and 2008.

6. On April 11, 2006 a reverse 1 for 4 stock split was made effective for shareholders of record on April 10, 2007. All share and price information has been restated to reflect a post-split basis.

	Thomas H Ehrlich	04/17/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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