EVOLUTION PETROLEUM CORP — Director's Dealing 2018

Apr 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2018-03-23

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
2018-03-23	Common Stock	S	2408	$8.20	Disposed	752460	Indirect
2018-03-27	Common Stock	S	736	$8.20	Disposed	1253099	Indirect
2018-03-27	Common Stock	S	404	$8.20	Disposed	806636	Indirect
2018-03-27	Common Stock	S	143	$8.20	Disposed	134159	Indirect
2018-03-27	Common Stock	S	66	$8.20	Disposed	189487	Indirect
2018-03-27	Common Stock	S	95	$8.20	Disposed	158897	Indirect
2018-03-28	Common Stock	S	564	$8.15	Disposed	1252535	Indirect
2018-03-28	Common Stock	S	310	$8.15	Disposed	806326	Indirect
2018-03-28	Common Stock	S	109	$8.15	Disposed	134050	Indirect
2018-03-28	Common Stock	S	50	$8.15	Disposed	189437	Indirect
2018-03-28	Common Stock	S	73	$8.15	Disposed	158824	Indirect
2018-03-29	Common Stock	S	3550	$8.1009	Disposed	1248985	Indirect
2018-03-29	Common Stock	S	1949	$8.1009	Disposed	804377	Indirect
2018-03-29	Common Stock	S	689	$8.1009	Disposed	133361	Indirect
2018-03-29	Common Stock	S	313	$8.1009	Disposed	189124	Indirect
2018-03-29	Common Stock	S	460	$8.1009	Disposed	158364	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"), Hephaestus Energy Fund, LP, a Delaware limited partnership ("Hephaestus"), Children's Energy Fund, LP, a Delaware limited partnership ("Children's Fund"), and Panakeia Energy Fund, LP, a Delaware limited partnership ("Panakeia"), and (ii) managing member of Lobo Baya, LLC, which is the ultimate controlling entity of Luxiver, LP, a Delaware limited partnership ("Luxiver", and collectively with Navitas, Asklepios, Hephaestus, Children's Fund, and Panakeia, 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 Luxiver's sale of shares of common stock.

F4: Represents shares of common stock held by Luxiver.

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

F6: Represents shares of common stock held by Hephaestus.

F7: Represents Children's Fund's sale of shares of common stock.

F8: Represents shares of common stock held by Children's Fund.

F9: Represents Asklepios' sale of shares of common stock.

F10: Represents shares of common stock held by Asklepios.

F11: Represents Panakeia's sale of shares of common stock.

F12: Represents shares of common stock held by Panakeia.

F13: Represents Navitas' sale of shares of common stock.

F14: Represents shares of common stock held by Navitas.

F15: Represents an average sale price for the shares of common stock - the high price was $8.15 and the low price was $8.10.