EVOLUTION PETROLEUM CORP — Director's Dealing 2010

Oct 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2010-04-30

Reporting Person: MCAFEE ERIC A (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-30	Common Stock	S	34300	—	Disposed	1529900	Indirect
2010-05-10	Common Stock	S	36000	—	Disposed	1493900	Indirect
2010-05-18	Common Stock	S	30100	—	Disposed	1463800	Indirect
2010-08-13	Common Stock	S	40353	—	Disposed	1423447	Indirect
2010-09-08	Common Stock	S	59647	—	Disposed	1363800	Indirect

Footnotes

F1: Between 4/30/10 and 5/6/10 34,300 shares were sold as follows: 7,000 shares were sold at $6.01ea; 6200 shares at $6; 10,300 shares at $5.95; 8000 shares at $5.902; 800 shares at $5.925 and 2000 shares at $5.90

F2: Represents shares held by P2 Capital, LLC, an entity owned by Mrs. McAfee and their two minor children, and over which Marguerite McAfee has sole voting and dispositive power. Mr. McAfee disclaims beneficial ownership of these shares.

F3: Between 5/10/10 and 5/14/10 36,000 shares were sold as follows: 200 at $5.90; 7,800 at $5.879; 12,500 at $5.85; 4,500 at $5.909; 5,000 at $5.902 and 6,000 at $5.80

F4: Between 5/18/10 and 6/15/10 30,100 shares were sold as follows: 16,900 at $5.85; 5,000 at $5.60; 3,200 at $5.65 and 5,000 at $5.675

F5: Between 8/13/10 and 8/19/10 40,353 shares were sold as follows: 4,600 at $4.454; 15,000 at $4.50; 15,000 at $4.607 and 5,753 at $4.60

F6: Between 9/8/10 and 9/10/10 59,647 shares were sold as follows: 4500 at $5.023; 50,000 at $5.492 and 5,147 at $5.607