X0306 4 2016-01-04 0 0001405073 Approach Resources Inc AREX 0000904293 LUBAR SHELDON B 700 N. WATER STREET SUITE 1200 MILWAUKEE WI 53202 1 0 0 0 Common Stock 2016-01-04 4 A 0 7102 0.00 A 118241 D Common Stock 8466 I By Lubar Nominees Common Stock 920631 I By Lubar Equity Fund, LLC Represents shares of the issuer's common stock awarded to the reporting person for payment of director fees. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for Section 16 or any other purpose. These securities are directly owned by Lubar Nominees, of which the reporting person is the general partner. These securities are directly owned by Lubar Equity Fund, LLC. The reporting person is a director and officer of Lubar & Co. Incorporated, which is the sole manager of Lubar Equity Fund, LLC, whose owners include the reporting person, members of the reporting person's family and other legal entities that are associated with or controlled by the reporting person and members of the reporting person's family. /s/ J. Curtis Henderson, as attorney-in-fact 2016-01-05