MEXCO ENERGY CORP — Director's Dealing 2003

Jul 14, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MEXC)
CIK: 0000066418
Period of Report: 2003-07-10

Reporting Person: YANKO DONNA GAIL (Director, Vice President and Secretary)

Footnotes

F1: Options granted pursuant to Mexco Energy Corporation 1997 Employee Incentive Stock Plan

F2: Indirect beneficial ownership of stock options (right to buy) is 20,000 shares owned by Mrs. Yanko's spouse. 12,500 of these 20,000 shares of the Registrant's Common Stock ($0.50 par value) are vested and can be acquired at the following prices: 7,500 shares @ $5.25 per share and 5,000 shares @$6.75 per share.

F3: Of these 45,000 shares, 32,500 shares are vested and can be acquired at the following prices: 10,500 shares @ $7.75 per share, 10,000 shares @ $7.50 per share, 7,500 shares @ $5.25 per share, and 5,000 shares @ $6.75 per share.

F4: The shares vest 1/4 each year for four consecutive years (1/4 in 2004, 1/4 in 2005, 1/4 in 2006 and 1/4 in 2007)