BATTALION OIL CORP — Director's Dealing 2011

Apr 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAM ENERGY RESOURCES INC (RAME)
CIK: 0001282648
Period of Report: 2011-04-05

Reporting Person: LEE LARRY E (Director, Chairman, President, & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-05	Common Stock	J	775896	$0.00	Disposed	0	Indirect
2011-04-05	Common Stock	A	142303	$0.00	Acquired	9308546	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	267013	Direct
Common Stock	824783	Indirect

Footnotes

F1: The shares of the Company's common stock are held in a grantor retained annuity trust, of which the reporting person and his wife are co-trustees. As co-trustees of the grantor retained annutiy trust, the reporting person and his wife have voting and dispositive power over the shares held by the trust and are deemed to have beneficial ownership of those shares. On the transaction date, shares in 2009 Retained Annuity Trust distributed the shares to its beneficiaries, which included the Revocable Trust.

F2: The shares of Common Stock are held by a revocable trust, of which the reporting person and his wife are co-trustees. As co-trustees of the revocable trust, the reporting person and his wife having and dispositive power over the shares held by the trust and are deemed to have beneficial ownership of those shares. The reporting person is also deemed to have beneficial ownership of shares owned by his wife.