Wallis T. Marsh - Jul 19, 2022 Form 4 Insider Report for US ENERGY CORP (USEG)

Role
10%+ Owner
Signature
/s/ Wallis T. Marsh, individually and as manager of WDM GP, as general partner of WDMFP
Stock symbol
USEG
Transactions as of
Jul 19, 2022
Transactions value $
$0
Form type
4
Date filed
8/5/2022, 04:43 PM
Next filing
Sep 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USEG Common Stock Other $0 -6.57M -100% $0.00* 0 Jul 19, 2022 Lubbock Energy Partners LLC F1
transaction USEG Common Stock Other $0 +3.07M $0.00 3.07M Jul 19, 2022 WDM Family Partnership, LP F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposition by Lubbock of 6,143,828 shares pro rata to its members, Katla Energy Holdings LLC and WDMFP for no consideration and 425,000 shares to certain individuals as compensation for services provided to Lubbock.
F2 Acquisition by WDMFP of 3,071,914 shares as a distribution from Lubbock for no consideration.

Remarks:

This Form 4 is made by Wallis T. Marsh. WDM GP, LLC ("WDM GP") is the non-economic general partner of WDM Family Partnership, LP ("WDMFP"), and thus has no pecuniary interest. Mr. Marsh and his wife own 100% of all of the equity of WDM GP and WDMFP, and Mr. Marsh is the sole manager of WDM GP. WDMFP owned a 50% member interest in Lubbock Energy Partners LLC ("Lubbock"), and Mr. Marsh served as one of two managers of Lubbock.