MEXCO ENERGY CORP — Director's Dealing 2009

Mar 27, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MXC)
CIK: 0000066418
Period of Report: 2009-03-26

Reporting Person: SMITH JEFFRY A (Consulting Geologist)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-03-26	Mexco Energy Common Stock	M	2500	$4.35	Acquired	17000	Direct
2009-03-26	Mexco Energy Common Stock	S	2390	$13.26	Disposed	14610	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-03-26	Mexco Energy Common Stock	$4.35	M	2500	Disposed	2012-12-10	Mexco Energy Common Stock (2500)	Direct

Footnotes

F1: Direct beneficial holdings after the sale total 14,610 shares which include vested options to acquire 11,000 shares of the Registrant's Common Stock ($0.50 par value) at the following prices: 5,000 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; 7,500 options @ $4.35 were granted on 12/10/2007 and expire on 12/10/2012. Of these 23,500 shares, 11,000 are vested.