Sec Form 4 Filing - Davis Sharon C @ ADAMS RESOURCES & ENERGY, INC. - 2020-03-09

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Davis Sharon C 2. Issuer Name and Ticker or Trading Symbol ADAMS RESOURCES & ENERGY, INC. [ AE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) EVP, COO & CAO (Last) (First) (Middle) 17 SOUTH BRIAR HOLLOW LANE, SUITE 100 3. Date of Earliest Transaction (MM/DD/YY) 03/09/2020 (Street) HOUSTON, TX77027 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted stock units ( 1 ) 03/09/2020 A 907 ( 2 ) ( 2 ) Common stock 907 $ 0 2,054 ( 3 ) D Performance share units ( 4 ) 03/09/2020 A 906 ( 4 ) ( 4 ) Common stock 906 $ 0 1,233 ( 5 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Davis Sharon C 17 SOUTH BRIAR HOLLOW LANE SUITE 100 HOUSTON, TX77027 EVP, COO & CAO Signatures /s/ Sharon C. Davis 03/11/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reporting person received a grant of 907 restricted stock units of Adams Resources & Energy, Inc. (AE) on March 9, 2020. Each restricted stock unit represents a contingent right to receive one share of AE common stock upon vesting. ( 2 )The restricted stock units will vest (i.e., the restrictions will lapse) in three equal annual installments beginning on March 1, 2021, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in some circumstances). ( 3 )Total includes restricted stock units previously awarded that have different vesting and expiration dates, as reported. ( 4 )The reporting person received a grant of 906 performance share units of Adams Resources & Energy, Inc. on March 9, 2020. The performance share units will vest on March 1, 2023, provided the reporting person remains in continuing active service on the vesting date (subject to accelerated vesting in certain circumstances), and subject to the attainment of certain performance criteria as specified in the award agreement. ( 5 )Total includes 327 performance share units previously awarded on June 29, 2018 that vest on May 8, 2021, as reported. The remaining performance share units awarded on June 29, 2018 and the performance share units awarded on June 3, 2019 will not vest on the basis of the applicable performance conditions set forth in the award agreement and are no longer held by the reporting person.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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