EVOLUTION PETROLEUM CORP — Director's Dealing 2011

Feb 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2010-12-29

Reporting Person: MCAFEE ERIC A (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-29	Common Stock	S	12300	$6.729	Disposed	1110802	Indirect
2010-12-30	Common Stock	S	12045	$6.611	Disposed	1098757	Indirect
2010-12-31	Common Stock	S	61109	$6.552	Disposed	1037648	Indirect
2011-01-03	Common Stock	S	126389	$6.540	Disposed	911259	Indirect
2011-01-04	Common Stock	S	20242	$6.540	Disposed	891017	Indirect
2011-01-05	Common Stock	S	37915	$6.560	Disposed	853102	Indirect

Footnotes

F1: Represents shares held by McAfee Capital, LLC, an entity 100% owned by Mr. McAfee who has 100% voting and dispositive power over such shares.