EVOLUTION PETROLEUM CORP — Director's Dealing 2017

Feb 24, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2017-02-17

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
2017-02-17	Common Stock	S	10000	$9.0400	Disposed	1190879	Indirect
2017-02-17	Common Stock	S	2765	$9.0230	Disposed	196935	Indirect
2017-02-17	Common Stock	S	18232	$9.0230	Disposed	796268	Indirect
2017-02-17	Common Stock	S	4954	$9.0230	Disposed	170046	Indirect
2017-02-21	Common Stock	S	10000	$9.0400	Disposed	1180879	Indirect
2017-02-21	Common Stock	S	1296	$9.1761	Disposed	195639	Indirect
2017-02-21	Common Stock	S	7717	$9.1761	Disposed	788551	Indirect
2017-02-21	Common Stock	S	2024	$9.1761	Disposed	168022	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"), Asklepios Energy Fund, LP, a Texas limited partnership ("Asklepios"), and Panakeia Energy Fund, LP, a Delaware limited partnership ("Panakeia", and with Navitas and Asklepios, 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 shares of common stock held by Belridge.

F5: Represents Asklepios' sale of shares of common stock.

F6: Represents shares of common stock held by Asklepios.

F7: Represents Navitas' sale of shares of common stock.

F8: Represents shares of common stock held by Navitas.

F9: Represents Panakeia's sale of shares of common stock.

F10: Represents shares of common stock held by Panakeia.