Stabilis Solutions, Inc. — Director's Dealing 2012

May 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: American Electric Technologies Inc (AETI)
CIK: 0001043186
Period of Report: 2012-05-02

Reporting Person: Crenshaw J. Casey (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-02	Series A Convertible Preferred Stock	$5.00	P	1000000	Acquired		Common Stock (200000)	Indirect
2012-05-02	Warrants (Right to Buy)	$6.00	P	125000	Acquired	2020-05-02	Common Stock (125000)	Indirect
2012-05-02	Warrants (Right to Buy)	$7.00	P	200000	Acquired	2020-05-02	Common Stock (200000)	Indirect

Footnotes

F1: On May 2, 2012, JCH Crenshaw Holdings, LLC acquired 1,000,000 shares of Series A Convertible Preferred Stock of the issuer, warrants to acquire 125,000 shares of Common Stock of the issuer at a price of $6.00 per share and warrants to acquire 200,000 shares of Common Stock of the issuer at a price of $6.00 per share pursuant to a Securities Purchase Agreement between JCH Crenshaw Holdings, LLC and the issuer dated April 13, 2012.

F2: The Series A Convertible Preferred Stock is convertible into Common Stock at any time and has no expiration date.

F3: The reporting person is the sole member of JCH Crenshaw Holdings, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.