(EGY)

Role: Chief Executive Officer, Director
Signature: /s/ George W.M. Maxwell by Michael G. Silver as Attorney-in-Fact
Stock symbol: EGY
Transactions as of: Mar 11, 2022
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 3/17/2022, 04:15 PM
Date Of Original Report: Mar 15, 2022
Next filing: Nov 17, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EGY	Employee Stock Option (right to buy)	Award	$0	+84.8K		$0.00	84.8K	Mar 11, 2022	Common Stock	84.8K	$6.41	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 11, 2022, the reporting person was granted an option, pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan, to purchase 84,831 shares of common stock. The option vests in three equal annual installments beginning on the first anniversary of the date of grant based upon satisfaction of stock price appreciation of 15.0%, 32.5% and 52.5%, respectively, using a 30-day average stock price from the stock price on the date of the grant.
F2	On March 15, 2022, the reporting person filed a Form 4, which inadvertently overstated the number of shares underlying the employee stock option granted to the reporting person. As reported in this amendment, the reporting person was granted an option to purchase 84,831 shares of common stock. Additionally, the original Form 4 did not indicate that the reporting person is also a director of the issuer.

Content

On March 11, 2022, the reporting person was granted an option, pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan, to purchase 84,831 shares of common stock. The option vests in three equal annual installments beginning on the first anniversary of the date of grant based upon satisfaction of stock price appreciation of 15.0%, 32.5% and 52.5%, respectively, using a 30-day average stock price from the stock price on the date of the grant.

On March 15, 2022, the reporting person filed a Form 4, which inadvertently overstated the number of shares underlying the employee stock option granted to the reporting person. As reported in this amendment, the reporting person was granted an option to purchase 84,831 shares of common stock. Additionally, the original Form 4 did not indicate that the reporting person is also a director of the issuer.