X0304 4 2011-09-30 0 0000029834 DOUBLE EAGLE PETROLEUM CO DBLE 0001234310 DEGENFELDER D STEVEN 1675 BROADWAY, SUITE 2200 DENVER CO 80202 0 1 0 0 Vice President Common Stock 2011-09-30 4 A 0 70644 6.37 A 131433 D Options: Right to Buy 14.00 Common Stock 18000 18000 D Options: Right to Buy 14.81 2015-09-04 Common Stock 48608 48608 D One-third of the shares are time-based and two-thirds are performance-based. The executive may earn the performance-based shares through increases in the Company's net asset value. Generally, the shares are earned if the executive is employed by the Company as of December 31, 2013. Previously reported. 6,000 of these options become exercisable on each of 3/24/2007, 2008 and 2009. Each will expire and terminate if not exercised sooner on the fifth anniversary date that it first becomes exercisable. 6,000 of these previously reported options expired on each of 3/24/2010 and 3/24/2011. 20% of these options become exercisable on each of December 31, 2008, 2009, 2010, 2011 and 2012. Each option will expire and terminate, if not exercised or terminated sooner, on September 4, 2015. /s/ D. Steven Degenfelder 2011-10-06