MEXCO ENERGY CORP — Director's Dealing 2011

Jan 11, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MXC)
CIK: 0000066418
Period of Report: 2011-01-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-07	MXC Common Stock	M	7922	$6.75	Acquired	95500	Direct
2011-01-07	MXC Common Stock	S	7922	$7.137	Disposed	87578	Direct
2011-01-10	MXC Common Stock	M	78	$6.75	Acquired	87578	Direct
2011-01-10	MXC Common Stock	S	78	$7.1	Disposed	87500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-07	MXC Common Stock	$6.75	M	7922	Disposed	2011-01-23	MXC Common Stock (7922)	Direct
2011-01-10	MXC Common Stock	$6.75	M	78	Disposed	2011-01-23	MXC Common Stock (78)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
MXC Common Stock	7000	Indirect

Footnotes

F1: Direct beneficial holdings after the sale total 87,500 shares which include vested options to acquire 22,000 shares of the Registrant's Common Stock par value $0.50) at the following prices: 2,000 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: 2,000 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 22,000 options are vested.