US EXPLORATION HOLDINGS INC 3
3 · UNITED STATES EXPLORATION INC · Filed Oct 2, 2003
Insider Transaction Report
Form 3
US EXPLORATION HOLDINGS INC
10% Owner
Holdings
- 9,679,950(indirect: see note 1)
Common Stock, par value $0.0001 per share
Footnotes (1)
- [F1]For purposes of Section??13(d) of the Securities Exchange Act of 1934 (the ???Act???), U.S. Exploration Holdings, Inc. (???Holdings???), may be deemed to have acquired beneficial ownership of 9,679,950 shares of common stock (the ???Shares???) of United States Exploration, Inc. (the ???Company???) pursuant to Voting Agreements, dated as of September 22, 2003 between Holdings and Messrs. Benson, Gamel, Hocking, Malone, Robinson and Jensen. The Shares include 238,733 shares underlying options that are immediately exercisable for each of Messrs. Gamel, Malone and Robinson. Pursuant to Rule??13d-4 of the Act, Holdings disclaims beneficial ownership of such Shares. Pursuant to Rule??16a-1(a)(4) of the Act, this filing shall not be deemed an admission that Holdings is, for purposes of Section??16 of the Act or otherwise, the beneficial owner of the Shares covered by the Voting Agreements. For a description of the Voting Agreements, see the Schedule??13-D filed by Holdings with the SEC. Holdings does not have or share any ???pecuniary interest??? in the Shares for purposes of Rule??16a-1(a)(2).