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 * Adnani Amir   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 __X__ Officer (give title below) _____ Other (specify below) President and CEO (Last) (First) (Middle) 1111 WEST HASTINGS STREET, SUITE 320 3. Date of Earliest Transaction (Month/Day/Year) 01/09/2013 (Street) VANCOUVER, A1 V6E 2J3 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 01/09/2013   M   202,500 A $ 0.33 (1) 1,947,801 D   Common Stock 01/09/2013   F   25,902 D $ 2.58 (1) 1,921,899 D   Common Stock 01/09/2013   S   45,000 D $ 2.5228 1,876,899 D   Common Stock 01/10/2013   S   20,000 D $ 2.5194 1,856,899 D   Common Stock 01/11/2013   S   29,621 D $ 2.4564 1,827,278 D

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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

Options to Purchase

$ 0.33

01/09/2013

M

202,500

12/20/2005

12/20/2015

Common stock

202,500

(2)

1,065,000 (3)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Adnani Amir 1111 WEST HASTINGS STREET SUITE 320 VANCOUVER, A1 V6E 2J3	X		President and CEO

Signatures

/s/ Amir Adnani		01/11/2013
**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)	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 25,902 shares at a fair market value of $2.58 per share), such that the Reporting Person was issued a total of 176,598 shares.
(2)	Granted pursuant to and in accordance with the Company's stock incentive plan.
(3)	Subsequent to the exercise of options as set forth in Table II above, the Reporting Person holds options to purchase an aggregate of 1,065,000 shares as follows: 225,000 shares at an exercise price of $0.45 per share expiring on January 2, 2017, 250,000 shares at an exercise price of $0.45 per share expiring on April 7, 2018, 250,000 shares at an exercise price of $2.40 per share expiring on August 26, 2019, 250,000 shares at an exercise price of $2.43 per share, expiring on August 13, 2020 and 90,000 shares at an exercise price of $2.78 per share, expiring on September 26, 2021.

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