UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One FORM 10-Q/A Number 1 (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended June 30, 2000 ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-19118 ABRAXAS PETROLEUM CORPORATION ---------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) Nevada 74-2584033 --------------------------- ---------- (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification Number) 500 N. Loop 1604, East, Suite 100, San Antonio, Texas 78232 ----------------------------------------------------- --------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (210) 490-4788 ----------------- Not Applicable (Former name, former address and former fiscal year, if changed since last report) ------------------------------------------------------------------------------ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or such shorter period that the restraint was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X or No __ The number of shares of the issuer's common stock outstanding as of August 10, 2000, was: Class Shares Outstanding Common Stock, $.01 Par Value 22,620,116 1 of 4 ABRAXAS PETROLEUM CORPORATION AND SUBSIDIARIES FORM 10 - Q INDEX PART II OTHER INFORMATION ITEM 2(c) Changes in Securities...........................3 Signatures ...................................4 2 ABRAXAS PETROLEUM CORPORATION AND SUBSIDIARIES Abraxas Petroleum Corporation's Form 10-Q for the quarter ended June 30, 2000 is hereby amended by adding the following: PART II OTHER INFORMATION Item 2.(c) Changes in Securities In April 2000, Robert L.G. Watson, Robert W. Carington and Chris E. Williford were awarded options under the 2000 Long Term Incentive Plan. A total of 1,959,447 options were granted at an exercise price of $5.03 per share. These options vest at 25% per year over a four-year period. The options were issued pursuant to Section 4(2) of the Securities Act of 1933, as amended. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ABRAXAS PETROLEUM CORPORATION (Registrant) Date: August 15, 2000 By:/s/ ----------------- --- ROBERT L.G. WATSON, President and Chief Executive Officer Date: August 15, 2000 By:/s/ ----------------- --- CHRIS WILLIFORD, Executive Vice President and Principal Accounting Officer 4