VAALCO Energy (EGY) Form 4 VAALCO ENERGY / David DesAutels ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DesAutels David

(Last) (First) (Middle)

9800 RICHMOND AVENUE, SUITE 700

(Street)

HOUSTON TX 77042

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VAALCO ENERGY INC /DE/ [ EGY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Executive VP, Corp. Dev.

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/05/2021		M(1)		84,407	A	$0.86	250,056	D
Common Stock	03/05/2021		M(1)		84,407	A	$0.86	334,463	D
Common Stock	03/05/2021		M(1)		20,910	A	$2.33	355,373	D
Common Stock	03/05/2021		M(1)		20,910	A	$2.33	376,283	D
Common Stock	03/05/2021		D(1)		84,407	D	$3.3	291,876	D
Common Stock	03/05/2021		D(1)		84,407	D	$3.3	207,469	D
Common Stock	03/05/2021		D(1)		20,910	D	$3.3	186,559	D
Common Stock	03/05/2021		D(1)		20,910	D	$3.3	165,649	D
Common Stock	03/05/2021		M		26,146	A	$0.93	191,795	D
Common Stock	03/05/2021		M		26,146	A	$0.93	217,941	D
Common Stock	03/05/2021		M		10,455	A	$2.33	228,396	D
Common Stock	03/05/2021		M		10,455	A	$2.33	238,851	D
Common Stock	03/05/2021		F(2)		40,142	D	$3.3	198,709	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	$0.86	01/05/2021		M			84,407	02/28/2020	02/28/2023	Common Stock	84,407	$0.00	84,407	D
Stock Appreciation Right	$0.86	01/05/2021		M			84,407	02/28/2021	02/28/2023	Common Stock	84,407	$0.00	0	D
Stock Appreciation Right	$2.33	01/05/2021		M			20,910	02/28/2020	02/28/2024	Common Stock	20,910	$0.00	41,820	D
Stock Appreciation Right	$2.33	01/05/2021		M			20,910	02/28/2021	02/28/2024	Common Stock	20,910	$0.00	20,910	D
Employee Stock Option (right to buy)	$0.93	01/05/2021		M			26,146	11/02/2019	11/02/2022	Common Stock	26,146	$0.00	26,146	D
Employee Stock Option (right to buy)	$0.93	01/05/2021		M			26,146	11/02/2020	11/02/2022	Common Stock	26,146	$0.00	0	D
Employee Stock Option (right to buy)	$2.33	01/05/2021		M			10,455	02/28/2020	02/28/2024	Common Stock	10,455	$0.00	20,910	D
Employee Stock Option (right to buy)	$2.33	01/05/2021		M			10,455	02/28/2021	02/28/2024	Common Stock	10,455	$0.00	10,455	D

Explanation of Responses:

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

2. Represents shares withheld to pay option exercise price and to satisfy tax withholding obligations upon the exercise of stock options.

Remarks:

	/s/ David DesAutels by Michael G. Silver as Attorney-in-Fact	03/09/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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