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

Apr 10, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAALCO ENERGY INC /DE/ (EGY)
CIK: 0000894627
Period of Report: 2012-04-05

Reporting Person: CUTRER GAYLA M (Corporate Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-05	Common Stock	M	30000	$4.24	Acquired	52868	Direct
2012-04-05	Common Stock	S	30000	$9.24	Disposed	22868	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-05	Non Qualified Stock Option (Right to buy)	$4.24	M	30000	Disposed	2013-10-10	Common Stock (30000)	Direct