X0303 4 2011-04-11 0 0000319156 CUBIC ENERGY INC Qbc 0001271239 BAYER HERBERT 9870 PLANO ROAD DALLAS TX 75238 1 0 0 0 Common Stock 2011-04-11 4 S 0 5000 0.635 D 374061 I JTWROS w/ Spouse Common Stock 2011-04-11 4 S 0 5000 0.63 D 369061 I JTWROS w/ Spouse Common Stock 2011-04-11 4 S 0 4300 0.6301 D 364761 I JTWROS w/ Spouse Common Stock 2011-04-11 4 S 0 700 0.6525 D 364061 I JTWROS w/ Spouse Common Stock 2011-04-11 4 S 0 5000 0.6243 D 359061 I JTWROS w/ Spouse Common Stock 2011-04-11 4 S 0 5000 0.6531 D 354061 I JTWROS w/ Spouse Common Stock 2011-04-11 4 S 0 5000 0.6539 D 349061 I JTWROS w/ Spouse Herbert Bayer 2011-04-19