4//SEC Filing
Synergy Offshore LLC 4
Accession 0001437749-25-004007
CIK 0000101594other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 4:21 PM ET
Size
12.2 KB
Accession
0001437749-25-004007
Insider Transaction Report
Form 4
US ENERGY CORPUSEG
Synergy Offshore LLC
10% OwnerOther
Transactions
- Award
Common Stock
2025-02-14+40,000→ 188,913 total
Holdings
- 2,027,399
Common Stock
- 1,400,000(indirect: By LLC)
Common Stock
Transactions
- Award
Common Stock
2025-02-14+40,000→ 188,913 total
Holdings
- 1,400,000(indirect: By LLC)
Common Stock
- 2,027,399
Common Stock
King Duane H
Director10% OwnerOther
Transactions
- Award
Common Stock
2025-02-14+40,000→ 188,913 total
Holdings
- 2,027,399
Common Stock
- 1,400,000(indirect: By LLC)
Common Stock
Footnotes (5)
- [F1]Grant of restricted stock subject to time-based vesting 50% on July 1, 2025 and 50% on January 1, 2026, subject to the recipient's continued service to the Issuer. Exempt pursuant to Rule 16b-3.
- [F2]Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as a member of the Board of Directors of the Issuer.
- [F3]Represents shares of common stock, $0.01 par value per share of the Issuer, held by Mr. Duane H. King. Excludes shares of common stock relating to the voting group included under "Remarks".
- [F4]Represents shares of common stock, $0.01 par value per share of the Issuer, held by King Oil & Gas Company, Inc. ("King Oil"), which is 100% owned by Duane K. King. The shares held by King Oil may be deemed to be beneficially owned by Mr. King due to his status as Chief Executive Officer of King Oil. Mr. King disclaims beneficial ownership other than to the extent of his pecuniary interest therein. Excludes shares of common stock relating to the voting group included under "Remarks".
- [F5]Represents shares of common stock, $0.01 par value per share of the Issuer, held directly by Synergy Offshore, LLC ("Synergy"). The shares held by Synergy may be deemed to be beneficially owned by Mr. King due to his status as Chief Executive Officer and current sole manager of Synergy. Mr. King and King Oil are also owners of member interests in Synergy Producing Properties, LLC ("SPP"), which is the 100% owner of Synergy. Mr. King and King Oil each may be deemed to beneficially own the shares of common stock owned by Synergy based on certain member rights in SPP. Mr. King and King Oil disclaim beneficial ownership other than to the extent of his pecuniary interest therein. Excludes shares of common stock relating to the voting group included under "Remarks".
Documents
Issuer
US ENERGY CORP
CIK 0000101594
Entity typeother
IncorporatedTX
Related Parties
1- filerCIK 0001903570
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 4:21 PM ET
- Size
- 12.2 KB