SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Abraham Spencer

(Last) (First) (Middle)
600 14TH STREET, NW
SUITE 500

(Street)
WASHINGTON DC 20005

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
URANIUM ENERGY CORP [ UEC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 05/07/2021 M 50,000 A $2.41(1) 234,587 D
COMMON STOCK 05/07/2021 F 36,078 D $3.34 198,509 D
COMMON STOCK 05/07/2021 M 80,000 A $0.93(2) 278,509 D
COMMON STOCK 05/07/2021 F 22,276 D $3.34 256,233 D
COMMON STOCK 05/07/2021 M 45,000 A $1.28(3) 301,233 D
COMMON STOCK 05/07/2021 F 17,246 D $3.34 283,987 D
COMMON STOCK 05/07/2021 M 45,000 A $1.53(4) 328,987 D
COMMON STOCK 05/07/2021 F 20,614 D $3.34 308,373 D
COMMON STOCK 05/07/2021 M 75,000 A $0.9421(5) 383,373 D
COMMON STOCK 05/07/2021 F 21,155 D $3.34 362,218 D
COMMON STOCK 05/07/2021 M 50,000 A $0.91(6) 412,218 D
COMMON STOCK 05/07/2021 F 13,623 D $3.34 398,595 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options $2.41 05/07/2021 M 50,000 07/15/2014 01/15/2023 Common Stock 50,000 (7) 470,000 D
Options $0.93 05/07/2021 M 80,000 02/02/2018 08/02/2021 Common Stock 80,000 (7) 390,000 D
Options $1.28 05/07/2021 M 45,000 08/22/2019 08/22/2022 Common Stock 45,000 (7) 345,000 D
Options $1.53 05/07/2021 M 45,000 07/25/2020 07/25/2023 Common Stock 45,000 (7) 300,000 D
Options $0.9421 05/07/2021 M 75,000 01/30/2021 07/30/2029 Common Stock 75,000 (7) 225,000 D
Options $0.91 05/07/2021 M 50,000 01/16/2021 07/30/2030 Common Stock 50,000 (7) 175,000 D
Explanation of Responses:
1. The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 36,078 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 13,922 shares.
2. The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 22,276 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 57,724 shares.
3. The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 17,246 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 27,754 shares.
4. The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 20,614 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 24,386 shares.
5. The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 21,155 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 53,845 shares.
6. The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 13,623 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 36,377 shares.
7. Granted pursuant to and in accordance with the Company's stock incentive plan.
/s/ Spencer Abraham 05/10/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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