Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
GRAHAM THOMAS JR
   2. Issuer Name and Ticker or Trading Symbol
MEXCO ENERGY CORP [MXC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Chairman of the Board
(Last)
(First)
(Middle)
7609 GLENBROOK ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
06/26/2008
(Street)

BETHESDA, MD US 20814		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Mexco Energy Common Stock 06/26/2008   M   10,000 A $ 7.5 119,000 D  
Mexco Energy Common Stock 06/26/2008   M   7,000 A $ 6.17 119,000 D  
Mexco Energy Common Stock 06/26/2008   S   8,000 D $ 44.757 111,000 D  
Mexco Energy Common Stock 06/27/2008   S   5,000 D $ 41.9825 106,000 (1) D  
Mexco Energy Common Stock               7,000 (1) I Owned by spouse

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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)		 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
Mexco Energy Common Stock $ 7.5 06/26/2008   M     10,000 03/03/2003 03/03/2009 Mexco Energy Common Stock 10,000 $ 7.5 50,000 D  
Mexco Energy Common Stock $ 6.17 06/26/2008   M     7,000 09/14/2007 09/14/2009 Mexco Energy Common Stock 7,000 $ 6.17 43,000 (2) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GRAHAM THOMAS JR
7609 GLENBROOK ROAD
BETHESDA, MD US 20814		   X     Chairman of the Board

Signatures

 Thomas Graham, Jr.   06/27/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Direct beneficial holdings after the sale total 113,000 shares which include 7,000 owned by Mr. Graham's spouse and vested options to acquire 35,500 shares of the Registrant's Common Stock ($0.50 par value) at the following prices: 10,000 shares @ $5.25 per share; 10,000 shares @ $6.75 per share; 15,000 shares @ $6.70 per share; 500 shares @ $6.17 per share.
(2) The shares vest 1/4 each year from grant date for four consecutive years as follows: 10,000 options @ $5.25 were granted on 3/21/2000 and expire on 3/21/2010; 10,000 options @ $6.75 were granted on 1/23/2001 and expire on 1/23/2011; 20,000 options @ $6.70 were granted on 7/2/2004 and expire on 7/2/2014; 3,000 options @ $6.17 were granted on 9/17/2004 and expire on 9/17/2009. Of these 43,000 shares, 35,500 shares are vested.

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