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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* MCAFEE ERIC A (Last) (First) (Middle) 20400 STEVENS CREEK BLVD. SUITE 700 (Street) CUPERTINO CA 95014 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol EVOLUTION PETROLEUM CORP [ EPM ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 03/08/2008
	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	03/08/2008		S		150,000	D	(2)	2,548,700(1)	I	McAfee Capital LLC
Common Stock	05/19/2008		S		250,000	D	$6	2,298,700(1)	I	McAfee Capital LLC
Common Stock	10/02/2008		S		62,400	D	(3)	2,236,300(1)	I	McAfee Capital LLC
Common Stock	12/31/2008		S		11,200	D	(4)	2,225,100(1)	I	McAfee Capital LLC
Common Stock	01/31/2009		S		155,100	D	(5)	2,070,000(1)	I	McAfee Capital LLC
Common Stock	04/01/2009		S		45,300	D	(6)	2,024,700(1)	I	McAfee Capital LLC
Common Stock	04/02/2009		S		24,700	D	(7)	2,000,000(1)	I	McAfee Capital LLC
Common Stock	10/31/2008		S		75,800	D	(8)	1,674,200(9)	I	P2 Capital LLC
Common Stock	11/05/2008		S		5,000	D	$1.77	1,669,200(9)	I	P2 Capital LLC
Common Stock	11/06/2008		S		5,000	D	$1.64	1,664,200(9)	I	P2 Capital LLC

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

Explanation of Responses:

1. (1) Represents shares held by McAfee Capital, LLC an entity owned 100% by Mr. McAfee who has 100% voting and dispositive power over such shares

2. (2) Shares were sold for services rendered. The closing price of the stock on 3/7/2008 was $3.99.

3. (3) 5,000 shares were sold at $3.25; 5,000 at $3.2698; 5,000 at $3.39; 5,000 at $3.45; 5,000 at $3.5112; 5,000 at $3.5214; 2.400 at $3.5408; 5,000 at $3.55; 5,000 at $3.58; 5,000 at $3.748; 5,000 at $3.7556; 600 at $3.81; 4,400 at $3.82; 5,000 at $3.8306- on 10/2/08.

4. (4) Between 12/8/08 and 12/30/08 11,200 shares were sold as follows: 200 at $1.21; 1,000 at $1.20; 1,000 at $1.2601; 31 at $1.30; 1,000 at $1.2501; 1,000 at $1.26; 969 at $1.30; 1,000 at $1.2403; 1,000 at $1.251; 1,000 at $1.3501; 1,000 at $1.253; 1,000 at $1.2201;and 1000 at $1.25

5. (5) Between 1/2/09 and 1/21/09 155,100 shares were sold as follows; 1,000 at $1.25; 100,000 at $1.36; 100 at $1.66; 5,100 at $1.6178; 9,300 at $1.5071; 3,600 at $1.6306; 20,000 at $1.4417; 8,300 at $1.5042; 6,700 at $1.3542; 1,000 at $1.35;

6. (6) 25,000 shares were sold at $1.85; 3,200 at $1.855; 7,100 at $1.86; 9,000 at $1.87; and 1,000 at $1.88 - all on April 1, 2009;

7. (7) 10,350 shares were sold at $1.85; 500 at $1.87; 4,950 at $1.88; 200 at $1.885; 400 at $1.89; 1,000 at $1.90; 3,000 at $1.92; 3,300 at $1.93; 300 at $1.94; 100 at $1.945; and 600 at $1.9475 - all on April 2, 2009.

8. (8) 75,800 shares were sold between 10/2/08 and 10/31/08 as follows: 5,000 at $2.52; 600 at $2.68; 10,000 at $1.95; 5000 at $1.70; 5600 at $1.90; 5000 at $1.76; 5000 at $1.82; 2000 at $2.01; 5000 at $1.91; 6000 at $1.85; 5000 at $1.46; 5000 at $1.42; 5000 at $1.30; 5000 at $1.40; 1600 at $1.45; 5000 at $1.58;

9. (9) Represents shares held by P2 Capital, LLC, an entity owned by Mrs. McAfee and Mr. & Mrs. McAfee's minor children, and over which Marguerite McAfee has sole voting and dispositive power. Mr.McAfee disclaims beneficial ownership of these shares.

	Eric A. McAfee	04/13/2009
	** Signature of Reporting Person	Date
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