-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FqcrYXicnjh/aCSPZ/8LlQLTIh9l9Qw2iuVbmTYdRecMpWl87yxuYP78KZezMJ/t rCDV9q5NOy7ojZ1OjdHV9g== 0001127602-10-002261.txt : 20100127 0001127602-10-002261.hdr.sgml : 20100127 20100127110828 ACCESSION NUMBER: 0001127602-10-002261 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100126 FILED AS OF DATE: 20100127 DATE AS OF CHANGE: 20100127 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LARSEN KEITH G CENTRAL INDEX KEY: 0001065872 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-06814 FILM NUMBER: 10549484 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: US ENERGY CORP CENTRAL INDEX KEY: 0000101594 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 830205516 STATE OF INCORPORATION: WY FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 877 NORTH 8TH WEST STREET 2: GLEN L LARSEN BLDG CITY: RIVERTON STATE: WY ZIP: 82501 BUSINESS PHONE: 3078569271 MAIL ADDRESS: STREET 1: 877 NORTH 8TH WEST CITY: RIVERTON STATE: WY ZIP: 82501 FORMER COMPANY: FORMER CONFORMED NAME: WESTERN STATES MINING INC DATE OF NAME CHANGE: 19851229 4 1 form4.xml PRIMARY DOCUMENT X0303 4 2010-01-26 0000101594 US ENERGY CORP USEG 0001065872 LARSEN KEITH G 877 N 8TH ST W RIVERTON WY 82501 1 1 CHAIRMAN & CEO Common Stock 2010-01-26 4 A 0 4498 5.93 A 84740 I By Esop Common Stock 2010-01-26 4 J 0 8610 5.93 A 156894 I By Immediate Family Common Stock 289335 D Common Stock 466513 I Family Trust Stock Options (Right to Buy) 2.40 2001-01-10 2011-01-09 Common Stock 267734 267734 D Stock Options (Right to Buy) 3.90 2001-12-07 2011-12-06 Common Stock 100000 100000 D Stock Options (Right to Buy) 2.25 2002-08-08 2011-12-07 Common Stock 52556 52556 D Stock Options (Right to Buy) 2.46 2004-07-01 2014-06-30 Common Stock 59350 59350 D Stock Options (Right to Buy) 3.86 2005-10-14 2015-10-13 Common Stock 100000 100000 D Stock Options (Right to Buy) 4.97 2008-01-01 2017-07-26 Common Stock 150000 150000 D Stock Option (Right to Buy) 2.52 2009-09-22 2018-09-21 Common Stock 75000 75000 D Shares issued in the U.S. Energy Corp. Employee Stock Ownership Plan (the 'ESOP') in an account established for the benefit of the Reporting Person. 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. Shares issued to be held in ESOP accounts established for the benefit of 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). 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). Includes shares held directly by the Reporting Person. 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. Includes stock options granted under the Issuer's 1998 Incentive Stock Option Plan and exempt under Rule 16b-3. Includes stock options granted under the Issuer's 2001 Incentive Stock Option Plan and exempt under Rule 16b-3. Stock options granted under the Issuer's 2001 Incentive Stock Option Plan with a 5 year vesting schedule and exempt under Rule 16b-3. Stock options granted under the Issuer's 2001 Incentive Stock Option Plan which vest in three (3) equal annual installments beginning September 22, 2009. /s/ Keith G. Larsen 2010-01-26 -----END PRIVACY-ENHANCED MESSAGE-----