X0303 4 2008-08-19 0 0001006655 EVOLUTION PETROLEUM CORP EPM 0001293397 Herlin Robert S 2500 CITY WEST BLVD. SUITE 1300 HOUSTON TX 77042 0 1 0 0 Chief Executive Officer Common Stock 2008-08-19 4 A 0 15958 0 A 2359708 D Stock Option (right to purchase) 4.02 2008-08-19 4 A 0 127210 0 A 2015-08-19 Common Stock 127210 127210 D Shares were issued pursuant to Company's Amended and Restated Stock Incentive Plan in lieu of payment of portion of cash bonus. On August 19, 2008, the reporting person was granted an option to purchase 127,210 shares of Common Stock. The exercise price of the Common Stock covered by the Option is $4.02 per share, which is the closing market price of the Company's Common Stock on the Date the grant was approved by the Compensation Committee of the board of directors. The Option vests over a four-year period from the Date of the Grant and vests pro ratably by quarter. /s/ Robert Herlin 2008-12-11