-----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, HVxMH899Oct3lsklrd61xO2hPlJy6Ce/OsXBmiMcOqmKh82vvG8Emkza0es/gWM1 bGg18iMlgDoAxY+FToCXBQ== 0001028269-02-000149.txt : 20020830 0001028269-02-000149.hdr.sgml : 20020830 20020830145353 ACCESSION NUMBER: 0001028269-02-000149 CONFORMED SUBMISSION TYPE: 5 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020531 FILED AS OF DATE: 20020830 COMPANY DATA: COMPANY CONFORMED NAME: SVILAR DANIEL P CENTRAL INDEX KEY: 0001065875 OFFICER FILING VALUES: FORM TYPE: 5 BUSINESS ADDRESS: STREET 1: 877 NORTH 8TH WEST CITY: RIVERTON STATE: WY ZIP: 82501 BUSINESS PHONE: 3078569271 SUBJECT COMPANY: 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: 0531 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 000-06814 FILM NUMBER: 02754156 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 5 1 edgar.txt FORM 5 - MAY 31, 2002 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). ( ) Form 3 Holdings Reported (X) Form 4 Transactions Reported 1. Name and Address of Reporting Person SVILAR, DANIEL P. 877 NORTH 8TH WEST RIVERTON, WY 82501 USA 2. Issuer Name and Ticker or Trading Symbol U.S. ENERGY CORP. USEG 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year May 31, 2002 5. If Amendment, Date of Original (Month/Year) July 12, 2002 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director (X) 10% Owner (X) Officer (give title below) ( ) Other (specify below) SECRETARY AND GENERAL COUNSEL 7. Individual or Joint/Group Reporting (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 |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | |Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership | |Date |Code| | Beneficially |(D)or | | | | | | A/| | Owned at |Indir | | | | | Amount | D | Price | End of Year |ect(I)| | ___________________________________________________________________________________________________________________________________| $.01 PAR VALUE COMMON STO|N/A | |NONE | |N/A |94,313 |D (a) | | CK | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| $.01 PAR VALUE COMMON STO|12/07/|A-4 |15,000 | |NIL |100,850 |D (b) | | CK |01 | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| $.01 PAR VALUE COMMON STO|N/A | |NONE | |N/A |1,000 |I (c) |Custodial | CK | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| $.01 PAR VALUE COMMON STO|N/A | |NONE | |N/A |125,556 |I (d) |By Plateau | CK | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| $.01 PAR VALUE COMMON STO|N/A | |NONE | |N/A |175,000 |I (e) |By SGMC | CK | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| $.01 PAR VALUE COMMON STO|N/A | |NONE | |N/A |512,359 |I (f) |By Crested | CK | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| $.01 PAR VALUE COMMON STO|N/A | |NONE | |N/A |5,000 |I (g) |By Svilar, Inc. | CK | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| $.01 PAR VALUE COMMON STO|05/30/|A-4 |7,721 |A |NIL |7,721 |I (h) |ESOP Benef. | CK |02 | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity | | | Amount | |ble | | | |Year |(I)| | ___________________________________________________________________________________________________________________________________| Qualified Stock Option |$2.875/s|N/A | | | |12/04|09/25|Common Stock|34,782 |N/A |34,782 |D | | (Right to Buy) (i) |h | | | | |/98 |/08 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified Stock Opti|$2.00/sh|N/A | | | |12/04|09/25|Common Stock|40,218 |N/A |40,218 |D | | on (Right to Buy) (i)| | | | | |/98 |/08 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Qualified Stock Option |$2.40/sh|N/A | | | |01/10|01/09|Common Stock|41,667 |N/A |41.667 |D | | (Right to Buy) (i) | | | | | |/01 |/11 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Nonqualified Stock Opti|$2.40/sh|N/A | | | |01/10|01/09|Common Stock|80,233 |N/A |80,233 |D | | on (Right to Buy) (i)| | | | | |/01 |/11 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Stock Option (Right to|$3.90/sh|12/07|A-4 |100,000 |A |12/07|12/06|Common Stock|100,000|N/A |100,000 |D | | Buy) (j) | |/01 | | | |/01 |/11 | | | | | | | - 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Explanation of Responses: Attachment to Amended Form 5 for period ended May 31, 2002. (a) Consists of 50,121 shares held directely by the Reporting Person, 3,375 shares held in joint tenancy with his wife and 35,187 shares held in an Individual Retirement Account ("IRA") established for the benefit of the Reporting Person, and 630 shares held in a street name account for the benefit of the Reporting Person. (b) Includes 22,680 and 78,170 shares subject to forfeiture. The 22,680 shares, issued under the USEG Restricted Stock bonus Plan, are deemed 'earned out": (i) if he is continuously employed by USEG unitl he reitres; (ii) if he becomes totally disabled; (iii) upon his death, or (iv) if the shares are claimed within three years following the occurence of (i), (ii) or (iii). The 78,170 shares, issued under the 1996 Stock Award Program vest at the rate of 20% each year over a five year period and are subject to the forfeiture conditions noted previously. The treasurer of USEG holds the shares in trust for the benefit of the Reporting Person, while the non-employee directors of USEG exercise shared voting and dispositive rights over all 100,850 shares. The shares do not come under the control of the Reporting Person until termination. The total number of shares is presently reported; distributions to the Reporting Person will not be separately reported. The acquisitions of the shares by the Reporting Person from both the Bonus Plan and the Award Program are exempt under Rule 16b-3. (c) Consists of shares indirectly held by the Reporting Person as Custodian for his minor child under the Wyoming Uniform Transfers to Minors Act. (d) Consists of shares held by Plateau Resources Limited ("Plateau"), a wholly-owned subsidiary of USEG. The Reporting Person is an officer of both USEG and Plateau. The Reporting Person is not a controlling shareholder of Plateau, and therefore does not have a pecuniary interest in the USEG shares held by Plateau, under Rule 16a-1(a)(2)(iii). (e) Consists of shares held by Sutter Gold Mining Company ("SGMC"), a subsidiary of USEG. The Reporting Person is an officer of USEG and SGMC. The Reporting Person is not a controlling shareholder of SGMC, and therefore does not have a pecuniary interest in the USEG shares held by SGMC, under Rule 16a-1(a)(2)(iii). (f) Consists of shares held by Crested Corp. ("Crested"), a majority-owned subsidiary of USEG. The Reporting Person is an officer of USEG and an officer and director of Crested. The Reporting Person is not a controlling shareholderof Crested, and therefore does not have a pecuniary interest in the USEG shares held by Crested, under rule 16a-1(a)(2)(iii). (g) Consists of shares held by Svilar, Inc. a private corporation of which the Reporting Person is a major shareholder, officer and director. (h) Consists of shares held in the USEG Employee Stock Ownership Plan (the "ESOP") in an account established for the benefit of the Reporting Person. The Reporting Person is over age 70 1/2 and therefore the shares will be immediately distributed to him (ie. his IRA); distribution to the Reporting Person will not be separately reported. (i) Stock options granted under the Issuer's 1998 Incentive Stock Option Plan, and exempt under Rule 16b-3. (j) Stock options granted under the Issuer's 2001 Incentive Stock Option Plan, and exempt under Rule 16b-3. Note: Pursuant to SEC Rule 16a-1(a)(2), information on Plateau, SGMC and Crested is not required, however, Regsitrant has undertaken comprehensive disclosure and reports shares held by Plateau, SGMC and Crested as indirectly owned by the Reporting Person. The Reporting Person disclaims beneficial and pecuniary interest in the shares reported under footnotes c, d, e and f above. SIGNATURE OF REPORTING PERSON /s/ DANIEL P. SVILAR DATE August 30, 2002
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