Id | Content |
---|---|
F1 | Disposition by Lubbock of 6,143,828 shares pro rata to its members, Katla and WDM Family Partnership, LP, for no consideration and 425,000 shares to certain individuals as compensation for services provided to Lubbock. |
F2 | Acquisition by Katla of 3,071,914 shares as a distribution from Lubbock for no consideration. |
F3 | Acquisition by Katla of 1,781,651 shares as a distribution from Synergy Offshore LLC for no consideration. |
This Form 4 is made jointly by John A. Weinzierl and Katla Energy Holdings LLC ("Katla"). Mr. Weinzierl is the 100% owner of all of the equity of Katla. Mr. Weinzierl is also an officer (Chairman) and director of U.S. Energy Corp. Katla owned a 50% member interest in Lubbock Energy Partners LLC ("Lubbock"), and Mr. Weinzierl served as one of two managers of Lubbock.