Schedule of Options Granted Under U.S. Energy 2001 Incentive Stock Option Plan (Fiscal 2002)

Summary

This document lists the stock options granted by U.S. Energy Corp. to various individuals under its 2001 Incentive Stock Option Plan during fiscal year 2002. The schedule details the recipients, the number of shares each received, and the grant dates and exercise prices. The options were granted on December 7, 2001, at $3.90 per share, and on May 20, 2002, at $3.82 per share. The agreement outlines the allocation of a total of 1,030,000 options to employees and directors.

EX-4.20 5 ex4-20f10k_may2002.txt SCHEDULE OF OPTIONS GRANTED IN FISCAL 2002 EXHIBIT 4.20 SCHEDULE OF OPTIONS GRANTED UNDER U.S. ENERGY 2001 INCENTIVE STOCK OPTION PLAN OPTIONS GRANTED ON DECEMBER 7, 2001 AT $3.90 PER SHARE Name Number of Shares John L. Larsen 100,000 Keith G. Larsen 100,000 Daniel P. Svilar 100,000 Harold F. Herron 100,000 Mark J. Larsen 100,000 R. Scott Lorimer 100,000 Robin Kindle 100,000 Richard R. Larsen 100,000 Peter G. Schoonmaker 100,000 Robert A. Nicholas 50,000 H. Russell Fraser 20,000 Nick Bebout 20,000 Don Anderson 20,000 --------- Total 1,010,000 OPTIONS GRANTED ON MAY 20, 2002 AT $3.82 PER SHARE Name Number of Shares Bob Grabb 10,000 Karl Eppich 10,000 ------ Total 20,000