X0305 4 2011-08-16 0 0001425808 DUMA ENERGY CORP SGCAD 0001443598 CARTER STEVEN LEE 545 LEOPARD ST., SUITE 900 CORPUS CHRISTI TX 78401-0670 1 1 0 0 Vice President Operations Options 2.5 2011-08-16 4 A 0 14000 A 2011-08-16 2013-08-16 Common shares 14000 42000 D Options 2.5 2012-02-16 4 A 0 14000 A 2012-02-16 2013-08-16 Common shares 14000 56000 D The Issuer effected a 1 for 25 share consolidation on April 4, 2012. All figures in this Form 4 reflect such share consolidation. Options to purchase 14,000 shares vested on August 16, 2011, and options to purchase a further 14,000 shares vested on February 16, 2012, each in accordance with the terms of the Issuer's stock incentive plan. In addition to the total of 28,000 options that vested on August 16, 2011 and February 16, 2012 as reported in the table above, the Reporting Person holds (i) further vested options to purchase 28,000 shares at $2.50 per share, expiring on August 16, 2013, (ii) vested options to purchase 24,000 shares at $2.50 per share, expiring on July 5, 2017, (iii) vested options to purchase 100,000 shares at $2.50 per share, expiring on April 21, 2021, and (iv) vesting options to purchase 400,000 shares at $2.50 per share, expiring on April 21, 2021 (100,000 to vest on each of April 21, 2012, October 21, 2012, April 21, 2013 and October 21, 2013). /s/ STEVEN CARTER 2012-04-19