X0306 4 2020-01-13 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 2020-01-13 2020-01-13 4 A 0 4460 0.0167 A 22718 D Amount represents the number of shares of restricted stock granted under the Amended Panhandle Oil and Gas 2010 Restricted Stock Plan. The shares will vest at the end of the calendar year. Total number of shares includes restricted shares with vesting based on elapsed time. Christopher T. Fraser, by Stephanie K. Morris, Attorney in Fact 2020-01-14