LEVINE IRVING 4
4 · U S ENERGY SYSTEMS INC · Filed Sep 2, 2004
Insider Transaction Report
Form 4
LEVINE IRVING
Director
Transactions
- Award
Retricted Stock Units
2004-09-01+11,746→ 11,746 total→ Common Stock (11,746 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive one share of U.S. Energy common stock.
- [F2]The reporting person has deferred receipt of the shares of common stock underlying the restricted stock units until the earlier of such person's death, disability, Change in Control and cessation of such person's service as a director of U.S. Energy. Capitalized terms used without being defined herein shall have the meanings ascribed to such terms by U.S. Energy's 2000 Executive Incentive Compensation Plan.
- [F3]These restricted stock units are issued in connection with the reporting person's service as a director of the Issuer.