XNAS:USHS Insider Activity 4 Filing - 5/24/2012

Effective Date 5/24/2012

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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GROSS STEVEN L
  2. Issuer Name and Ticker or Trading Symbol
US HOME SYSTEMS INC [USHS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP & CMO
(Last)
(First)
(Middle)
2951 KINWEST PARKWAY
3. Date of Earliest Transaction (Month/Day/Year)
05/24/2012
(Street)

IRVING, TX 75063
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 05/24/2012   M   3,333 A $2.51 168,841 I See Footnote (1).(1)
Common Stock 05/24/2012   M   1,732 A $4.58 168,841 I See Footnote (1).(1)
Common Stock 05/24/2012   F   1,743 D $9.35 167,098 I See Footnote (1).(1)

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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 Underlying Securities
(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
Employee Stock Option (Right to Buy) $2.51 05/24/2012   M     3,333 03/15/2012 03/15/2020 Common Stock 3,333(2) $ 0 14,083 D  
Employee Stock Option (Right to Buy) $4.58 05/24/2012   M     1,732 03/28/2012 03/28/2021 Common Stock 1,732(2) $ 0 12,351 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GROSS STEVEN L
2951 KINWEST PARKWAY
IRVING, TX 75063
      Executive VP & CMO  

Signatures

 /s/Steven L. Gross   05/25/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Mr. Gross utilized 1,743 shares of USHS common stock which he owned and cash to pay for the exercise price for the purchase of an aggregate of 5,065 shares. After all reported transactions, Mr. Gross owns a total of 167,098 shares of which 161,015 shares are held by SSTCJ LLC, a limited liability company of which Mr. Gross and his spouse are members and of which Mr. Gross is the manager, 5065 shares directly owned by Mr. Gross and 1,018 vested options exercisable at $4.58 per share.
(2) After all reported transactions Mr. Gross holds directly (1) unvested options to purhcase 3,333 shares at $2.51 per share which vest on 3/15/2013 and expire 3/15/2020; (2) unvested options to purchase 2,500 shares at $2.72 per share which expire 8/10/2019; and (3) unvested options to purchase 5,500 shares and vested options to purchase 1,018 shares at $4.58 per share which expire 3/28/2021.

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XNAS:USHS Insider Activity 4 Filling

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XNAS:USHS Insider Activity 4 Filing - 5/24/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity

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