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

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^*

Gaines Leah S

(Last)

(First)

(Middle)

3700 BUFFALO SPEEDWAY

SUITE 925

(Street)

HOUSTON

77098

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Contango ORE, Inc. [ CTGO ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2018

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, par value $0.01	05/18/2018		M		1,875⁽¹⁾	A	$10.01⁽¹⁾	51,828	D
Common Stock, par value $0.01	05/18/2018		F		719⁽¹⁾	D	$26.1⁽¹⁾	51,109	D
Common Stock, par value $0.01	06/28/2018		M		3,750⁽²⁾	A	$10.01⁽²⁾	54,859	D
Common Stock, par value $0.01	06/28/2018		F		1,564⁽²⁾	D	$24⁽²⁾	53,295	D
Common Stock, par value $0.01	09/25/2018		M		1,875⁽³⁾	A	$10.01⁽³⁾	55,170	D
Common Stock, par value $0.01	09/25/2018		F		816⁽³⁾	D	$23⁽³⁾	54,354	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)
Stock Option (right to buy)	$10.01	05/18/2018		M			1,875	⁽¹⁾	09/25/2018	Common Stock	1,875	⁽¹⁾	5,625	D
Stock Option (right to buy)	$10.01	06/28/2018		M			3,750	⁽²⁾	09/25/2018	Common Stock	3,750	⁽²⁾	1,875	D
Stock Option (right to buy)	$10.01	09/25/2018		M			1,875	⁽³⁾	09/25/2018	Common Stock	1,875	⁽³⁾	0	D

Explanation of Responses:

1. On May 18, 2018, the reporting person received 1,156 shares of Common Stock upon the net exercise of 1,875 of the reporting person's stock options. The reporting person forfeited 719 shares of Common Stock underlying the stock options in payment of the exercise price resulting from the exercise, using the closing price on May 17, 2018 of $26.10.

2. On June 28, 2018, the reporting person received 2,186 shares of Common Stock upon the net exercise of 3,750 of the reporting person's stock options. The reporting person forfeited 1,564 shares of Common Stock underlying the stock options in payment of the exercise price resulting from the exercise, using the closing price on June 28, 2018 of $24.00.

3. On September 25, 2018, the reporting person received 1,059 shares of Common Stock upon the net exercise of 1,875 of the reporting person's stock options. The reporting person forfeited 816 shares of Common Stock underlying the stock options in payment of the exercise price resulting from the exercise, using the closing price on September 25, 2018 of $23.00.

	/s/ Leah Gaines	10/03/2018
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.