EVOLUTION PETROLEUM CORP — Director's Dealing 2016

Feb 29, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2016-02-19

Reporting Person: JVL Advisors, L.L.C. (10% Owner)
Reporting Person: LOVOI JOHN (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-19	Common Stock	S	80271	$4.2518	Disposed	1220608	Indirect
2016-02-19	Common Stock	S	40600	$4.2518	Disposed	0	Indirect
2016-02-19	Common Stock	S	80270	$4.2518	Disposed	894771	Indirect

Footnotes

F1: John V. Lovoi ("Lovoi") is (i) the sole member and manager of JVL Advisors, LLC ("JVL Advisors"), which is the ultimate controlling entity of Navitas Fund, LP, a Texas limited partnership ("Navitas"), and TJS Energy Fund, LP, a Delaware limited partnership ("TJS", and with Navitas, the "Partnerships"), and (ii) a managing member of Peninsula-JVL Capital Advisors, LLC, which is the general partner of Belridge Energy Advisors, LP, a Delaware limited partnership ("Belridge").

F2: Because of their control over the Partnerships and Belridge, JVL Advisors and Lovoi may be deemed to have voting and dispositive power over the securities owned by the Partnerships and Belridge; thus, each may also be deemed to be the beneficial owner of these securities. JVL Advisors and Lovoi disclaim any beneficial ownership of the reported securities beneficially owned by the Partnerships and Belridge, as applicable, in excess of their respective pecuniary interest in such securities.

F3: Represents Belridge's sale of shares of common stock.

F4: Represents an average sale price for the shares of common stock - the high price was $4.30 and the low price was $4.25.

F5: Represents shares of common stock held by Belridge.

F6: Represents TJS' sale of shares of common stock.

F7: Represents shares of common stock held by TJS.

F8: Represents Navitas' sale of shares of common stock.

F9: Represents shares of common stock held by Navitas.