EVOLUTION PETROLEUM CORP — Director's Dealing 2018

Feb 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EVOLUTION PETROLEUM CORP (EPM)
CIK: 0001006655
Period of Report: 2018-02-13

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
2018-02-13	Common Stock	S	6759	$8.0006	Disposed	1316455	Indirect
2018-02-13	Common Stock	S	2580	$8.0006	Disposed	841681	Indirect
2018-02-13	Common Stock	S	953	$8.0006	Disposed	146503	Indirect
2018-02-13	Common Stock	S	572	$8.0006	Disposed	84391	Indirect
2018-02-13	Common Stock	S	422	$8.0006	Disposed	195013	Indirect
2018-02-13	Common Stock	S	648	$8.0006	Disposed	167170	Indirect
2018-02-14	Common Stock	S	3861	$8.0056	Disposed	1312594	Indirect
2018-02-14	Common Stock	S	2159	$8.0056	Disposed	839522	Indirect
2018-02-14	Common Stock	S	801	$8.0056	Disposed	145702	Indirect
2018-02-14	Common Stock	S	485	$8.0056	Disposed	83906	Indirect
2018-02-14	Common Stock	S	342	$8.0056	Disposed	194671	Indirect
2018-02-14	Common Stock	S	553	$8.0056	Disposed	166617	Indirect
2018-02-15	Common Stock	S	2484	$8.0006	Disposed	1310110	Indirect
2018-02-15	Common Stock	S	1388	$8.0006	Disposed	838134	Indirect
2018-02-15	Common Stock	S	511	$8.0006	Disposed	145191	Indirect
2018-02-15	Common Stock	S	303	$8.0006	Disposed	83603	Indirect
2018-02-15	Common Stock	S	223	$8.0006	Disposed	194448	Indirect
2018-02-15	Common Stock	S	339	$8.0006	Disposed	166278	Indirect

Footnotes

F1: John V. Lovoi ("Lovoi") is 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"), LVPU, LP, a Delaware limited partnership ("LVPU"), and Panakeia Energy Fund, LP, a Delaware limited partnership ("Panakeia"). Lovoi is 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, LVPU, 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 LVPU's sale of shares of common stock.

F10: Represents shares of common stock held by LVPU.

F11: Represents Asklepios' sale of shares of common stock.

F12: Represents shares of common stock held by Asklepios.

F13: Represents Panakeia's sale of shares of common stock.

F14: Represents shares of common stock held by Panakeia.

F15: Represents an average sale price for the shares of common stock - the high price was $8.25 and the low price was $7.90.

F16: Represents an average sale price for the shares of common stock - the high price was $8.05 and the low price was $7.90.

F17: Represents an average sale price for the shares of common stock - the high price was $8.05 and the low price was $7.75.