X0306 4 2017-04-01 0 0001573166 Jones Energy, Inc. JONE 0001581096 Jones Jonny 807 LAS CIMAS PARKWAY, SUITE 350 AUSTIN TX 78746 1 1 1 0 See Remarks Class A common stock 2017-04-01 4 F 0 37608 2.55 D 452764 D Class A common stock 1450005 I See footnote Class A common stock 192147 I See footnote Class B common stock 2017-04-01 4 J 0 8171 0.00 D 11619711 I See footnote Units of Jones Energy Holdings, LLC 2017-04-01 4 J 0 8171 0.00 D Class A common stock 8171 11619711 I See footnote Represents shares of Class A common stock of the Issuer (the "Class A Shares") withheld for payment of withholding taxes upon the vesting of certain restricted stock units awarded under the Issuer's Amended and Restated 2013 Omnibus Incentive Plan (the "LTIP"). The number of Class A Shares includes Class A Shares issued as a result of the special stock dividend paid by the Issuer on March 31, 2017 to holders of record as of March 15, 2017, including adjustments to unvested restricted stock units under the LTIP. The Reporting Person is deemed to beneficially own 1,450,005 Class A Shares of the Issuer as a result of his equity interest in JRJ Investment Fund, Ltd. The Reporting Person disclaims beneficial ownership of such Class A Shares except to the extent of his pecuniary interest therein. The Reporting Person indirectly beneficially owns such Class A Shares through the JRJ Jr. Trust V. The Reporting Person disclaims beneficial ownership of such Class A Shares except to the extent of his pecuniary interest therein. The shares of Class B common stock of the Issuer (the "Class B Shares") and an equivalent number of membership interests in Jones Energy Holdings, LLC (the "JEH LLC Units") reported herein were exchanged by current and former employees of the Issuer (the "Exchanging Members") for Class A Shares. These exchanges were made pursuant to and in accordance with the Exchange Agreement dated July 29, 2013, included as Exhibit 10.3 to the Issuer's Current Report on Form 8-K filed July 30, 2013. These exchanges were made solely for the benefit of the Exchanging Members and no proceeds will go to Reporting Person in connection therewith. The Class B Shares and JEH LLC Units reported herein are beneficially owned by the Reporting Person solely as a result of his status as the Trustee of the Managing Member of JET 3 GP, LLC, and as the Manager of Jones Energy Management, LLC, which are the general partners of the entities that held such Class B Shares and JEH LLC Units prior to the exchange reported herein. The Reporting Person disclaims beneficial ownership of the Class B Shares and JEH LLC Units reported herein except to the extent of his pecuniary interest therein. Chairman of the Board of Directors and Chief Executive Officer /s/ Jonny Jones 2017-04-04