-----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, BHsRQukVYSuDr1WZSkvG7t2PbGh6kabGKOZODx8fdHFldZZhfMInYn5K/eo84A/2 TTU1u5A3ErRR/YYDq6Uv8w== 0001140361-06-012719.txt : 20060831 0001140361-06-012719.hdr.sgml : 20060831 20060831114408 ACCESSION NUMBER: 0001140361-06-012719 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060804 FILED AS OF DATE: 20060831 DATE AS OF CHANGE: 20060831 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: U S ENERGY SYSTEMS INC CENTRAL INDEX KEY: 0000351917 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC, GAS & SANITARY SERVICES [4900] IRS NUMBER: 521216347 STATE OF INCORPORATION: DE FISCAL YEAR END: 0609 BUSINESS ADDRESS: STREET 1: 545 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2125888901 MAIL ADDRESS: STREET 1: 545 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: U S ENVIROSYSTEMS INC /DE/ DATE OF NAME CHANGE: 19960607 FORMER COMPANY: FORMER CONFORMED NAME: COGENIC ENERGY SYSTEMS INC DATE OF NAME CHANGE: 19940714 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SCHNEIDER HENRY/NY CENTRAL INDEX KEY: 0001121549 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-10238 FILM NUMBER: 061067462 MAIL ADDRESS: STREET 1: C/O ROBINSON BROG LEINAAND STREET 2: 1345 SIXTH AVE CITY: NEW YORK STATE: NY ZIP: 10105 4 1 doc1.xml FORM 4 X0202 4 2006-08-04 0 0000351917 U S ENERGY SYSTEMS INC USEY 0001121549 SCHNEIDER HENRY/NY C/O US ENERGY SYSTEMS, INC. 545 MADISON AVENUE NEW YORK NY 10022 0 1 0 0 President Restricted Stock Units 2006-08-04 4 A 0 8334 0 A Common Stock 8334 8334 D Restricted Stock Units 2006-08-04 4 A 0 8333 0 A Common Stock 8333 16667 D Restricted Stock Units 2006-08-04 4 A 0 8333 0 A Common Stock 8333 25000 D Each restricted stock unit (?RSU?) represents the right to receive one share of common stock. Generally, the shares underlying the RSUs (the ?Shares?) are issued if at any time on or after December 31, 2007, the common stock shall have traded for at least 20 consecutive trading days (the ?Period?) at a price of not less than $15 per share. Generally, Shares are issued if at any time on or after December 31, 2008, the common stock shall have traded during the Period at a price of not less than $20 per share. Generally, Shares are issued if at any time on or after December 31, 2009, the common stock shall have traded during the Period at a price of not less than $25 per share. The minimum trading price must be reached by December 31, 2011 and the reporting person must be employed by the Company at the conclusion of the period in which the trading price threshold is achieved. Upon the failure of an applicable condition, the RSUs (or the applicable portion thereof) expires. /s/ Henry N. Schneider 2006-08-08 -----END PRIVACY-ENHANCED MESSAGE-----