MEXCO ENERGY CORP — Director's Dealing 2007

Apr 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MXC)
CIK: 0000066418
Period of Report: 2007-03-28

Reporting Person: MCCOMIC TAMMY (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-28	Mexco Energy - Common Stock	M	10000	$4	Acquired	36880	Direct
2007-03-28	Mexco Energy - Common Stock	S	500	$5.4	Disposed	36380	Direct
2007-03-29	Mexco Energy - Common Stock	S	2000	$5.45	Disposed	34380	Direct
2007-03-29	Mexco Energy - Common Stock	S	2000	$5.41	Disposed	32380	Direct
2007-03-29	Mexco Energy - Common Stock	S	2000	$5.59	Disposed	30380	Direct
2007-03-29	Mexco Energy - Common Stock	S	3500	$5.49	Disposed	26880	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-28	Mexco Energy - Common Stock	$4	M	10000	Disposed	2011-07-23	Mexco Energy Common Stock (10000)	Direct

Footnotes

F1: Direct beneficial holdings after the sale total 26,880 shares which include vested options to acquire 25,000 shares of the Registrant's Common Stock ($0.50 par value) at the following prices: 10,000 shares @ $4.00 per share and 15,000 shares @ $6.00 per share.

F2: The shares vest 1/4 each year from grant date for four consecutive years as follows: 10,000 options @ $4.00 were granted on 5/28/02 and expire on 5/28/12; 20,000 shares were granted on 7/10/03 and expire on 7/10/13; 10,000 options at $8.24 were granted on 7/12/06 and expire on 7/12/11. Of these 40,000 shares, 25,000 shares are vested.