FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

OBARA PAT 		2. Issuer Name and Ticker or Trading Symbol

URANIUM ENERGY CORP [ UEC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CHIEF FINANCIAL OFFICER
(Last)          (First)          (Middle)

106 - 1950 WEST 8TH AVENUE 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/10/2016
(Street)

VANCOUVER, A1 V6J 1W3
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   10/10/2016     M    180000   A $0.45   (1) 284498   D    
COMMON STOCK   10/10/2016     F    46875   D $0.96   (1) 237623   D    
COMMON STOCK   10/10/2016     S    5000   D $0.93   232623   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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 TO PURCHASE   $0.45   10/10/2016     M         180000    10/10/2006   10/10/2016   COMMON STOCK   180000   $0   (2) 613000   (3) D    

Explanation of Responses:
( 1)  The Reporting Person exercised options previously granted to him under the Company's 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 from the shares issuable to the Reporting Person that number of shares having a fair market value equal to the aggregate exercise price (that being 46,875 shares at a fair market value of $0.96 per share), such that the Reporting Person was issued a total of 133,125 shares.
( 2)  Granted pursuant to and in accordance with the Company's stock incentive plan.
( 3)  Subsequent to such exercise, the Reporting Person holds options to purchase: 125,000 shares at an exercise price of $0.45 per share expiring on April 7, 2018; 400,000 shares at an exercise price of $1.32 per share, expiring on September 3, 2019; and 88,000 shares at an exercise price of $0.93 expiring on July 28, 2021 (these options to purchase 88,000 shares vest over an 18-month period from grant, such that 25% will vest on October 28, 2016, 25% will vest on January 28, 2017, 25% will vest on July 28, 2017 and the final 25% will vest on January 28, 2018)

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
OBARA PAT
106 - 1950 WEST 8TH AVENUE
VANCOUVER, A1 V6J 1W3

CHIEF FINANCIAL OFFICER

Signatures
/s/ PAT OBARA 10/12/2016
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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