SEC FORM 4

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^*

Evanoff Nicolas J

(Last)

(First)

(Middle)

1330 POST OAK BLVD., SUITE 2250

(Street)

HOUSTON

77056

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CAMAC Energy Inc. [ CAK ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	General Counsel SR VP

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2014

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/18/2014		M		402,053⁽¹⁾	A	$0.324⁽²⁾	1,177,726	D
Common Stock	03/18/2014		S		402,053	D	$0.852⁽³⁾	775,673	D
Common Stock	03/19/2014		M		119,500⁽¹⁾	A	$0.324⁽²⁾	895,173	D
Common Stock	03/19/2014		S		119,500	D	$0.86⁽⁴⁾	775,673	D
Common Stock	03/20/2014		M		81,000⁽¹⁾	A	$0.324⁽²⁾	856,673	D
Common Stock	03/20/2014		S		81,000	D	$0.854⁽⁴⁾	775,673	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Incentive Stock Option (Right to Buy)	$0.324	03/18/2014		M			402,053	09/07/2012	09/07/2016	Common Stock	402,053	$0	3,682,175⁽⁵⁾	D
Incentive Stock Option (Right to Buy)	$0.324	03/19/2014		M			110,500	09/07/2012	09/07/2016	Common Stock	110,500	$0	3,571,675⁽⁵⁾	D
Incentive Stock Option (Right to Buy)	$0.324	03/20/2014		M			81,000	09/07/2012	09/07/2016	Common Stock	81,000	$0	3,490,675⁽⁵⁾	D

Explanation of Responses:

1. Issued upon exercise of incentive stock options granted to reporting person under the issuer 2009 Equity Incentive Plan.

2. Corresponds to the exercise price of the stock options.

3. This transaction was executed in multiple trades ranging from $0.84 to $0.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.

4. This transaction was executed in multiple trades ranging from $0.85 to $0.87. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected.

5. This aggregate total includes 800,000 granted on September 7, 2011, 280,000 granted on February 29, 2012, 419,586 granted on April 8, 2013, as adjusted due to a stock dividend paid on 02/21/2014, and a grant of 433,036 shares on February 21, 2014.

	/s/ Nicolas J. Evanoff	03/20/2014
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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