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

Jan 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAALCO ENERGY INC /DE/ (EGY)
CIK: 0000894627
Period of Report: 2021-01-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-05	Common Stock	M	59860	$1.04	Acquired	814429	Direct
2021-01-05	Common Stock	M	59860	$1.04	Acquired	874289	Direct
2021-01-05	Common Stock	M	59860	$1.04	Acquired	934149	Direct
2021-01-05	Common Stock	D	59860	$1.91	Disposed	874289	Direct
2021-01-05	Common Stock	D	59860	$1.91	Disposed	814429	Direct
2021-01-05	Common Stock	D	59860	$1.91	Disposed	754569	Direct
2021-01-05	Common Stock	M	59860	$1.04	Acquired	814429	Direct
2021-01-05	Common Stock	F	39027	$1.91	Disposed	775402	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-05	Stock Appreciation Right	$1.04	M	59860	Disposed	2021-03-18	Common Stock (59860)	Direct
2021-01-05	Stock Appreciation Right	$1.04	M	59860	Disposed	2021-03-18	Common Stock (59860)	Direct
2021-01-05	Stock Appreciation Right	$1.04	M	59860	Disposed	2021-03-18	Common Stock (59860)	Direct
2021-01-05	Employee Stock Option (right to buy)	$1.04	M	59860	Disposed	2021-03-18	Common Stock (59860)	Direct

Footnotes

F1: Represents exercise of cash-settled SARs, which is treated as the 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.