EVOLUTION PETROLEUM CORP — Director's Dealing 2018

Jun 6, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2018-06-01

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
2018-06-01	Common Stock	S	10000	$9.6332	Disposed	1132953	Indirect
2018-06-04	Common Stock	S	50000	$10.0478	Disposed	1101850	Indirect
2018-06-04	Common Stock	S	20000	$9.9939	Disposed	1112953	Indirect
2018-06-05	Common Stock	S	60000	$9.9523	Disposed	1041850	Indirect
2018-06-05	Common Stock	S	20000	$10.0126	Disposed	1092953	Indirect

Footnotes

F1: John V. Lovoi ("Lovoi") is (i) the sole member and manager of JVL Advisors, LLC ("JVL Advisors"), which is a managing member of Peninsula-JVL Capital Advisors, LLC, which is the general partner of Belridge Energy Advisors, LP, a Delaware limited partnership ("Belridge") and (ii) a managing member of Lobo Baya, LLC, which is the ultimate controlling entity of Luxiver, LP, a Delaware limited partnership ("Luxiver," and together with Belridge, the "Partnerships"). JVL Advisors is party to an investment management agreement with Luxiver that gives JVL Advisors voting and dispositive power over the securities owned by Luxiver; thus, JVL Advisors may be deemed an ultimate controlling entity of Luxiver.

F2: Because of their control over, and investment management relationship with, the Partnerships, JVL Advisors and Lovoi may be deemed to have voting and dispositive power over the securities owned by the Partnerships; 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 in excess of their respective pecuniary interest in such securities.

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

F4: Represents shares of common stock held by Belridge.

F5: Represents Luxiver's sale of shares of common stock.

F6: Represents shares of common stock held by Luxiver.

F7: Represents a weighted average sale price for the shares of common stock - the high price was $9.6750 and the low price was $9.6250. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F8: Represents a weighted average sale price for the shares of common stock - the high price was $10.1750 and the low price was $10.0000. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F9: Represents a weighted average sale price for the shares of common stock - the high price was $10.0300 and the low price was $9.9500. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F10: Represents a weighted average sale price for the shares of common stock - the high price was $10.0500 and the low price was $9.8500. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F11: Represents a weighted average sale price for the shares of common stock - the high price was $10.0800 and the low price was $10.0000. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.