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*
Krog George William Jr

(Last) (First) (Middle)
18803 MEISNER DRIVE

(Street)
SAN ANTONIO TX 78258

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ABRAXAS PETROLEUM CORP [ AXAS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/29/2016
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
Abraxas Petroleum Common Stock 109,244 D
Abraxas Petroleum Common Stock 01/29/2016(1) A 8,138(1) A $1.14 22,492 I 401-K
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
Employee Stock Option $0.97 03/15/2016 A 123,000 03/15/2017 03/15/2026(2) Abraxas Petroleum Common Stock 123,000 $0.97 123,000 D
Employee Stock Option $3.16 03/03/2016 03/03/2025 Abraxas Petroleum Common Stock 100,000 100,000 D
Employee Stock Option $3.15 03/11/2014 03/11/2024 Abraxas Petroleum Common Stock 21,000 21,000 D
Employee Stock Option $2.39 03/11/2015 03/11/2024 Abraxas Petroleum Common Stock 20,000 20,000 D
Employee Stock Option $6.05 03/24/2010 03/24/2016 Abraxas Petroleum Common Stock 5,000 5,000 D
Employee Stock Option $3.6 08/28/2011 08/28/2017 Abraxas Petroleum Common Stock 8,829 8,829 D
Employee Stock Option $0.99 03/17/2010 03/17/2019 Abraxas Petroleum Common Stock 10,000 10,000 D
Employee Stock Option $1.75 10/05/2010 10/05/2019 Abraxas Petroleum Common Stock 26,775 26,775 D
Employee Stock Option $4.72 03/12/2012 03/15/2021 Abraxas Petroleum Common Stock 10,000 10,000 D
Employee Stock Option $2.09 03/16/2011 03/16/2020 Abraxas Petroleum Common Stock 12,700 12,700 D
Employee Stock Option $3.74 03/08/2013 03/08/2022 Abraxas Petroleum Common Stock 9,500 9,500 D
Explanation of Responses:
1. 401-K shares acquired as a result of Abraxas Petroleum Corporations safe harbor match for calendar year 2015.
2. Options vest at 25% per year beginning one year from date of grant.
G. William Krog, Jr. 03/28/2016
** 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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