EVOLUTION PETROLEUM CORP — Director's Dealing 2012

May 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2012-05-04

Reporting Person: CAGAN LAIRD Q (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-04	COMMON STOCK	X	91200	$2.50	Acquired	101361	Direct
2012-05-04	COMMON STOCK	S	25938	$8.79	Disposed	75423	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-04	Common Stock Warrants	$2.50	X	91200	Disposed	2012-05-06	Common Stock (91200)	Direct