X0303 4 2010-02-26 0 0000095047 DEER VALLEY CORP DVLY 0001350972 LAWLER JOHN S 205 CARRIAGE ST. GUIN AL 35563 1 0 0 0 COMMON STOCK 2010-02-26 4 D 0 297872 0.35 D 72178 D COMMON STOCK 2008-06-09 4 M 0 66667 A 138845 D STOCK OPTION 2010-02-26 4 D 0 100000 D COMMON STOCK 100000 104048 D PREFERRED STOCK 2008-06-09 4 M 0 5000 D COMMON STOCK 66667 204048 D The Issuer redeemed from the Reporting Person 297,872 common shares at a price of $0.35 per share. The Issuer redeemed from the Reporting Person (a) options exercisable for 50,000 shares of common stock and an exercise price of $1.14, and (b) options exercisable for 50,000 shares of common stock and an exercise price of $1.11. The Reporting Person converted 5,000 shares of Series A Convertible Preferred Stock into 66,667 shares of common stock. Each share of Series A Convertible Stock converts into 13.34 shares of common stock. Includes: (a) 66,667 common shares issuable upon exercise of the Company's Series A Common Stock Purchase Warrants, (b) 4047 common shares issuable upon exercise of another of the Company's Series A Common Stock Purchase Warrants, and (d) 33,334 common shares issuable upon exercise of the Company's Series B Common Stock Purchase Warrants. /s/ JOHN S. LAWLER 2010-03-30