X0206 3 2019-03-05 0 0000315131 PANHANDLE OIL & GAS INC PHX 0001436708 Fraser Christopher T. 5400 N. GRAND BLVD, SUITE 300 OKLAHOMA CITY OK 73112 1 0 0 0 Panhandle Class A Common 14258 D Total number of shares includes restricted shares with vesting based on elapsed time. Christopher T. Fraser by Stephanie K. Morris, Attorney in Fact 2019-03-14