MEXCO ENERGY CORP — Director's Dealing 2010

Mar 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MXC)
CIK: 0000066418
Period of Report: 2010-03-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-16	MXC Common Stock	M	6655	$5.25	Acquired	102000	Direct
2010-03-16	MXC Common Stock	S	2655	$8.331	Disposed	99345	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-16	MXC Common Stock	$5.25	M	6655	Disposed	2010-03-21	MXC Common Stock (6655)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
MXC Common Stock	7000	Indirect

Footnotes

F1: Direct beneficial holdings after the sale total 99,345 shares which include vested options to acquire 33,345 shares of the Registrant's Common Stock
(par value $0.50) at the following prices: 3,345 shares @ $5.25 per share; 10,000 shares @ $6.75 per share and 20,000 shares @ $6.70 per share.

F2: The shares vest 1/4 each year from grant date for four consecutive years as follows: 3,345 options @ $5.25 were granted on 3/21/2000 and expire on
3/21/2010; 10,000 options @ $6.75 were granted on 1/23/2001 and expire on 1/23/2011; and 20,000 options @ $6.70 were granted on 7/2/2004 and
expire on 7/2/2014. All 33,345 options are vested.