Form: 4/A

Statement of changes in beneficial ownership of securities

March 16, 2021

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 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 *
DesAutels David
   2. Issuer Name and Ticker or Trading Symbol
VAALCO ENERGY INC /DE/ [EGY] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP, Corp. Dev.
(Last)
(First)
(Middle)
9800 RICHMOND AVENUE, SUITE 700		 3. Date of Earliest Transaction (Month/Day/Year)
03/05/2021
(Street)

HOUSTON, TX 77042		 4. If Amendment, Date Original Filed(Month/Day/Year)
03/09/2021		 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
Common Stock 03/05/2021   M(1)   84,407 A $ 0.86 250,056 D  
Common Stock 03/05/2021   M(1)   84,407 A $ 0.86 334,463 D  
Common Stock 03/05/2021   M(1)   20,910 A $ 2.33 355,373 D  
Common Stock 03/05/2021   M(1)   20,910 A $ 2.33 376,283 D  
Common Stock 03/05/2021   D(1)   84,407 D $ 3.3 291,876 D  
Common Stock 03/05/2021   D(1)   84,407 D $ 3.3 207,469 D  
Common Stock 03/05/2021   D(1)   20,910 D $ 3.3 186,559 D  
Common Stock 03/05/2021   D(1)   20,910 D $ 3.3 165,649 D  
Common Stock 03/05/2021   M   26,146 A $ 0.93 191,795 D  
Common Stock 03/05/2021   M   26,146 A $ 0.93 217,941 D  
Common Stock 03/05/2021   M   10,455 A $ 2.33 228,396 D  
Common Stock 03/05/2021   M   10,455 A $ 2.33 238,851 D  
Common Stock 03/05/2021   F(2)   40,142 D $ 3.3 198,709 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Appreciation Right $ 0.86 03/05/2021   M     84,407 02/28/2020 02/28/2023 Common Stock 84,407 $ 0 84,407 D  
Stock Appreciation Right $ 0.86 03/05/2021   M     84,407 02/28/2021 02/28/2023 Common Stock 84,407 $ 0 0 D  
Stock Appreciation Right $ 2.33 03/05/2021   M     20,910 02/28/2020 02/28/2024 Common Stock 20,910 $ 0 41,820 D  
Stock Appreciation Right $ 2.33 03/05/2021   M     20,910 02/28/2021 02/28/2024 Common Stock 20,910 $ 0 20,910 D  
Employee Stock Option (right to buy) $ 0.93 03/05/2021   M     26,146 11/02/2019 11/02/2022 Common Stock 26,146 $ 0 26,146 D  
Employee Stock Option (right to buy) $ 0.93 03/05/2021   M     26,146 11/02/2020 11/02/2022 Common Stock 26,146 $ 0 0 D  
Employee Stock Option (right to buy) $ 2.33 03/05/2021   M     10,455 02/28/2020 02/28/2024 Common Stock 10,455 $ 0 20,910 D  
Employee Stock Option (right to buy) $ 2.33 03/05/2021   M     10,455 02/28/2021 02/28/2024 Common Stock 10,455 $ 0 10,455 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DesAutels David
9800 RICHMOND AVENUE, SUITE 700
HOUSTON, TX 77042		       Executive VP, Corp. Dev.  

Signatures

 /s/ David DesAutels by Michael G. Silver as Attorney-in-Fact   03/16/2021
**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) Represents exercise of cash-settled SARs, which is treated as the simultaneous purchase of the number of shares for which SARs are exercised and the sale of the same number of shares. No shares were purchased or sold.
(2) Represents shares withheld to pay option exercise price and to satisfy tax withholding obligations upon the exercise of stock options.

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