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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
101594	Us Energy Corp	USEG	Crude Petroleum & Natural Gas (1311)	830205516

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1065876	Scott R Lorimer	877 N 8Th St W Riverton WY 82501	Treasurer & Cfo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2011-05-02	50,000	$5.57	499,994	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	97,586	Indirect	By Esop

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options (Right to Buy)	$4.97	2008-01-01	2017-07-26	30,000	30,000	Direct
Common Stock	Stock Option (Right to Buy)	$2.52	2009-09-22	2018-09-21	25,000	25,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-07-26	30,000	30,000	Direct
2018-09-21	25,000	25,000	Direct

Footnotes

The sale reported in this Form 4 was made pursuant to the terms of a Rule 10b5-1 Trading Plan adopted by the Reporting Person in December 2010. The Plan was adopted by the Reporting Person to diversify his personal assets in anticipation of his retirement on June 30, 2011 after more that 30 years service to U.S. Energy Corp. The sale reported above is the first sale under the Plan.
Includes shares held directly by 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.
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.