Sec Form 4 Filing - King Geoffrey R. @ ABRAXAS PETROLEUM CORP - 2018-06-26

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 King Geoffrey R. 2. Issuer Name and Ticker or Trading Symbol ABRAXAS PETROLEUM CORP [ AXAS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) Former VP - CFO (Last) (First) (Middle) 18803 MEISNER DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 06/26/2018 (Street) SAN ANTONIO, TX78258 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 Abraxas Petroleum Common Stock 06/26/2018 D( 1 ) 87,786 D $ 0 ( 1 ) 124,292 D Abraxas Petroleum Common Stock 06/26/2018 M 200,000 A $ 1.99 324,292 D Abraxas Petroleum Common Stock 06/26/2018 F( 2 ) 143,682 D $ 2.77 180,610 D Abraxas Petroleum Common Stock 06/26/2018 M 24,000 A $ 2.39 204,610 D Abraxas Petroleum Common Stock 06/26/2018 F( 2 ) 20,708 D $ 2.77 183,902 D Abraxas Petroleum Common Stock 06/26/2018 M 76,000 A $ 0.97 259,902 D Abraxas Petroleum Common Stock 06/26/2018 F( 2 ) 26,614 D $ 2.77 233,288 D Abraxas Petroleum Common Stock 06/26/2018 M 25,000 A $ 1.31 258,288 D Abraxas Petroleum Common Stock 06/18/2018 F( 2 ) 11,823 D $ 2.77 246,465 D Abraxas Petroleum Common Stock 21,159 I 401-K

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 Employee Stock Option $ 3.15 03/11/2015 03/11/2024 Abraxas Petroleum Common Stock 27,500 27,500 D Employee Stock Option $ 3.16 03/03/2016 03/03/2025 Abraxas Petroleum Common Stock 187,500 187,500 D Employee Stock Option $ 1.99 06/26/2018 M 200,000 09/04/2013 09/04/2023 Abraxas Petroleum Common Stock 200,000 $ 0 0 D Employee Stock Option $ 0.97 06/26/2018 M 76,000 03/11/2017 03/11/2027 Abraxas Petroleum Common Stock 76,000 $ 0 0 D Employee Stock Option $ 2.39 06/26/2018 M 24,000 05/14/2014 05/14/2023 Abraxas Petroleum Common Stock 24,000 $ 0 0 D Employee Stock Option $ 1.31 06/26/2018 M 25,000 08/09/2017 08/09/2026 Abraxas Petroleum Common Stock 25,000 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other King Geoffrey R. 18803 MEISNER DRIVE SAN ANTONIO, TX78258 Former VP - CFO Signatures Geooffrey R. King 06/26/2018 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Cancellation of restricted shares and performance based shares. ( 2 )Represents a "net exercise" of outstanding stock options. The reporting person received 122,173 shares of common stock on net exercise of option to purchase 325,000 shares of common stock. The Company withheld 202,827 shares of common stock underlying the options for payment of the exercise price using the closing stock price on June 26, 2018 of $2.77.

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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