MEXCO ENERGY CORP — Director's Dealing 2011

Feb 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MXC)
CIK: 0000066418
Period of Report: 2011-02-22

Reporting Person: MCCOMIC TAMMY (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-22	MXC Common Stock	M	10000	$8.24	Acquired	19250	Direct
2011-02-22	MXC Common Stock	S	2500	$9.102	Disposed	16750	Direct
2011-02-23	MXC Common Stock	S	7500	$10.4625	Disposed	9250	Direct
2011-02-24	MXC Common Stock	S	1800	$13.5	Disposed	7450	Direct
2011-02-24	MXC Common Stock	M	2000	$4.35	Acquired	7450	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-22	Employee Stock Option (right to buy)	$8.24	M	10000	Disposed	2011-07-12	Common Stock (10000)	Direct
2011-02-24	Employee Stock Option (right to buy)	$4.35	M	2000	Disposed	2012-12-10	Common Stock (2000)	Direct

Footnotes

F1: Direct beneficial holdings after the sale total 7,450 shares which include vested options to acquire 3,000 shares of the Registrant's Common Stock ($0.50 par value) at $4.35 per share.

F2: The shares vest 1/4 each year from grant date for four consecutive years as follows: 10,000 options @ $8.24 per share were granted on 7/12/2006, fully vested on 7/12/2010 and expire on 7/12/2011 and 5,000 options @ $4.35 per share were granted on 12/10/2007, vested on 7/12/2010 and expire on 7/12/2012.

F3: The shares vest 1/4 each year from grant date for four consecutive years as follows: 5,500 options @ $4.35 per share were granted on 12/10/2007 and expire on 12/10/2012 and 25,000 options @ $6.29 per share were granted on 8/16/2010 and expire on 8/16/2020. Of these 30,500 shares, 3,000 shares are vested.