EVOLUTION PETROLEUM CORP — Director's Dealing 2018

Mar 13, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2018-02-22

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
2018-02-22	Common Stock	S	11744	$8.0145	Disposed	1297450	Indirect
2018-02-22	Common Stock	S	6500	$8.0145	Disposed	831127	Indirect
2018-02-22	Common Stock	S	2295	$8.0145	Disposed	142717	Indirect
2018-02-22	Common Stock	S	1013	$8.0145	Disposed	193356	Indirect
2018-02-22	Common Stock	S	1526	$8.0145	Disposed	164633	Indirect
2018-03-07	Common Stock	S	9384	$8.2003	Disposed	1288066	Indirect
2018-03-07	Common Stock	S	5194	$8.2003	Disposed	825933	Indirect
2018-03-07	Common Stock	S	1834	$8.2003	Disposed	140883	Indirect
2018-03-07	Common Stock	S	809	$8.2003	Disposed	192547	Indirect
2018-03-07	Common Stock	S	1219	$8.2003	Disposed	163414	Indirect
2018-03-12	Common Stock	S	8696	$8.1500	Disposed	1279370	Indirect
2018-03-12	Common Stock	S	4774	$8.1500	Disposed	821159	Indirect
2018-03-12	Common Stock	S	1706	$8.1500	Disposed	139177	Indirect
2018-03-12	Common Stock	S	749	$8.1500	Disposed	191798	Indirect
2018-03-12	Common Stock	S	1126	$8.1500	Disposed	162288	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 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) a managing member of Lobo Baya, LLC, which is the ultimate controlling entity of Luxiver, LP, a Delaware limited partnership ("Luxiver", and collectively with Asklepios, Hephaestus, Children's Fund, and Panakeia, the "Partnerships"). JVL Advisors is a 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 an average sale price for the shares of common stock - the high price was $8.05 and the low price was $7.98.

F14: Represents an average sale price for the shares of common stock - the high price was $8.30 and the low price was $8.10.

F15: Represents an average sale price for the shares of common stock - the high price was $8.30 and the low price was $8.05.