MEXCO ENERGY CORP — Director's Dealing 2008

Jun 27, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MXC)
CIK: 0000066418
Period of Report: 2008-06-26

Reporting Person: SMITH JEFFRY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-26	Mexco Energy Common Stock	M	4000	$7	Acquired	19500	Direct
2008-06-26	Mexco Energy Common Stock	S	4000	$47.01	Disposed	15500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-26	Mexco Energy Common Stock	$7	M	4000	Disposed	2013-11-20	Mexco Energy Common Stock (4000)	Direct

Footnotes

F1: Direct beneficial holdings after the sale total 15,500 shares which include vested options to acquire 8,500 shares of the Registrant's Common Stock ($0.50 par value) at the following prices: 2,500 shares @ $8.24 per share and 6,000 shares @ $7.00 per share.

F2: The shares vest 1/4 each year from grant date for four consecutive years as follows: 6,000 options @ $7.00 were granted on 11/20/2003 and expire on 11/20/2013; 10,000 options @ $8.24 were granted on 7/12/2006 and expire on 7/12/2011; 10,000 options @ $4.35 were granted on 12/10/2007 and expire on 12/10/2012. Of these 26,000 shares, 8,500 are vested.