VAALCO ENERGY INC /DE/ — Director's Dealing 2012

Apr 12, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAALCO ENERGY INC /DE/ (EGY)
CIK: 0000894627
Period of Report: 2012-04-11

Reporting Person: CUTRER GAYLA M (Corporate Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-11	Common Stock	M	27000	$4.24	Acquired	49868	Direct
2012-04-11	Common Stock	S	27000	$9.02	Disposed	22868	Direct
2012-04-12	Common Stock	M	43000	$4.24	Acquired	65868	Direct
2012-04-12	Common Stock	S	43000	$9.05	Disposed	22868	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-11	Non Qualified Stock Option (Right to buy)	$4.24	M	27000	Disposed	2013-10-10	Common Stock (27000)	Direct
2012-04-12	Non Qualified Stock Option	$4.24	M	43000	Disposed	2013-10-10	Common Stock (43000)	Direct