MEXCO ENERGY CORP — Director's Dealing 2007

Jan 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MXC)
CIK: 0000066418
Period of Report: 2007-01-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-04	Mexco Energy - Common Stock	S	900	$6	Disposed	131100	Direct
2007-01-04	Mexco Energy - Common Stock	S	300	$6.0001	Disposed	130800	Direct
2007-01-04	Mexco Energy - Common Stock	S	200	$6.05	Disposed	130600	Direct
2007-01-05	Mexco Energy - Common Stock	S	1000	$6	Disposed	129600	Direct
2007-01-05	Mexco Energy - Common Stock	S	1600	$6.0001	Disposed	128000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Mexco Energy - Common Stock	7000	Indirect

Footnotes

F1: Direct beneficial holdings after the sale total 128,000 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.