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: Brazelton Frederick W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-05	Common Stock	M	60000	$4.28	Acquired	90000	Direct
2012-04-05	Common Stock	S	30000	$9.23	Disposed	60000	Direct
2012-04-05	Common Stock	S	30000	$9.15	Disposed	30000	Direct
2012-04-05	Common Stock	M	30000	$6.97	Acquired	60000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-05	Non Qualified Stock Options (right to buy)	$4.28	M	60000	Disposed	2015-03-03	Common Stock (60000)	Direct
2012-04-05	Non Qualified Stock Option	$6.97	M	30000	Disposed	2016-03-18	Common Stock (30000)	Direct