VAALCO ENERGY INC /DE/ — Director's Dealing 2021

Apr 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAALCO ENERGY INC /DE/ (EGY)
CIK: 0000894627
Period of Report: 2021-04-09

Reporting Person: Bounds Cary M (Director, Chief Executive Officer & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-09	Common Stock	M	215643	$1.20	Acquired	1105376	Direct
2021-04-09	Common Stock	M	251572	$1.20	Acquired	1356948	Direct
2021-04-09	Common Stock	M	297111	$0.86	Acquired	1654059	Direct
2021-04-09	Common Stock	M	297111	$0.86	Acquired	1951170	Direct
2021-04-09	Common Stock	M	297112	$0.86	Acquired	2248282	Direct
2021-04-09	Common Stock	D	215643	$2.25	Disposed	2032639	Direct
2021-04-09	Common Stock	D	251572	$2.25	Disposed	1781067	Direct
2021-04-09	Common Stock	D	297111	$2.25	Disposed	1483956	Direct
2021-04-09	Common Stock	D	297111	$2.25	Disposed	1186845	Direct
2021-04-09	Common Stock	D	297112	$2.25	Disposed	889733	Direct
2021-04-09	Common Stock	M	125013	$2.25	Acquired	1014746	Direct
2021-04-09	Common Stock	M	125013	$2.25	Acquired	1139759	Direct
2021-04-09	Common Stock	M	125013	$2.25	Acquired	1264772	Direct
2021-04-09	Common Stock	F	256762	$2.25	Disposed	1008010	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-09	Stock Appreciation Right	$1.20	M	215643	Disposed	2022-04-21	Common Stock (215643)	Direct
2021-04-09	Stock Appreciation Right	$1.20	M	251572	Disposed	2022-04-21	Common Stock (251572)	Direct
2021-04-09	Stock Appreciation Right	$0.86	M	297111	Disposed	2023-02-28	Common Stock (297111)	Direct
2021-04-09	Stock Appreciation Right	$0.86	M	297111	Disposed	2023-02-28	Common Stock (297111)	Direct
2021-04-09	Stock Appreciation Right	$0.86	M	297112	Disposed	2023-02-28	Common Stock (297112)	Direct
2021-04-09	Employee Stock Option (right to buy)	$2.25	M	125013	Disposed	2021-12-29	Common Stock (125013)	Direct
2021-04-09	Employee Stock Option (right to buy)	$2.25	M	125013	Disposed	2021-12-29	Common Stock (125013)	Direct
2021-04-09	Employee Stock Option (right to buy)	$2.25	M	125013	Disposed	2021-12-29	Common Stock (125013)	Direct

Footnotes

F1: Represents exercise of cash-settled SARs, which is treated as simultaneous purchase for the number of shares for which SARs are exercised and the sale of the same number of shares. No shares were purchased or sold.