MEXCO ENERGY CORP — Director's Dealing 2007

Mar 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MXC)
CIK: 0000066418
Period of Report: 2007-03-21

Reporting Person: GRAHAM THOMAS JR (Director, Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-21	Mexco Energy - Common Stock	S	100	$5.5	Disposed	127200	Direct
2007-03-22	Mexco Energy - Common Stock	S	200	$5.48	Disposed	127000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Mexco Energy	7000	Indirect

Footnotes

F1: Direct beneficial holdings after the sale total 127,000 shares which include vested options to acquire 55,000 shares of the Registrant's Common Stock ($0.50 par value) at the following prices: 10,000 shares @ $7.75 per share, 10,000 shares @ $7.50 per share, 10,000 shares @ $5.25 per share, 10,000 shares @ $6.75 per share, 10,000 shares @ $6.70 per share and 5,000 shares @ $6.17 per share.