MEXCO ENERGY CORP — Director's Dealing 2011

Jan 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MXC)
CIK: 0000066418
Period of Report: 2010-12-30

Reporting Person: MCCOMIC TAMMY (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-30	MXC Common Stock	M	2500	$4.35	Acquired	21750	Direct
2010-12-30	MXC Common Stock	S	2500	$7.41	Disposed	19250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-30	Employee Stock Option (right to buy)	$4.35	M	1000	Disposed	2012-12-10	Common Stock (2500)	Direct

Footnotes

F1: Direct beneficial holdings after the sale total 19,250 shares which include vested options to acquire 15,000 shares of the Registrant's Common Stock ($0.50 par value) as follows: 10,000 shares at $8.24 per share and 5,000 shares 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 and expire on 7/12/2011; 7,500 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 42,500 shares, 15,000 shares are vested.