EVOLUTION PETROLEUM CORP — Director's Dealing 2007

Sep 11, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2007-09-07

Reporting Person: McDonald Sterling (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-07	Employee Stock Option	$2.19	A	150000	Acquired	2017-09-07	Common Stock (150000)	Direct

Footnotes

F1: On September 7, 2007, the reporting person was granted an option to purchase 150,000 shares of Common Stock. The exercise price of the Common Stock covered by the Option is $2.19 per share, which is the closing market price of the Company's Common Stock on the Date of the Grant. The Option vests over a four-year period from the Date of the Grant and vests pro ratably by quarter.