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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * WATSON ROBERT L G 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
__X__ Officer (give title below)    _____ Other (specify below)
President/CEO
(Last)         (First)         (Middle)
18803 MEISNER DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)
2/7/2020
(Street)
SAN ANTONIO, TX 78258
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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                 1616882  D   
Abraxas Petroleum Common Stock  2/7/2020    P(1)    35380  A $0.28  279983  I  401-K 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Performance-based Restricted Stock Unit  $2.37                  4/2/2021  4/2/2021  Abraxas Petroleum Common Stock  52511    0  D   
Employee Stock Option  $.97                  3/15/2017  3/15/2026  Abraxas Petroleum Common Stock  415000    415000  D   
Employee Stock Option  $3.16                  3/3/2016  3/3/2025  Abraxas Petroleum Common Stock  300000    300000  D   
Employee Stock Option  $3.15                  3/11/2016  3/11/2025  Abraxas Petroleum Common Stock  46000    46000  D   
Employee Stock Option  $2.39                  5/14/2014  5/14/2023  Abraxas Petroleum Common Stock  42000    42000  D   
Employee Stock Option  $3.74                  3/8/2013  3/8/2022  Abraxas Petroleum Common Stock  20000    20000  D   
Employee Stock Option  $4.72                  3/15/2012  3/15/2021  Abraxas Petroleum Common Stock  60000    60000  D   
Employee Stock Option  $2.09                  3/16/2011  3/16/2020  Abraxas Petroleum Common Stock  90000    90000  D   
Employee Stock Option  $3.60                  8/28/2011  8/28/2020  Abraxas Petroleum Common Stock  41624    41624  D   
Performance-based Restricted Stock Unit  $1.34                  4/1/2023  4/1/2023  Abraxas Petroleum Common Stock  97015    97015  D   

Explanation of Responses:
(1)  Employer Safe Harbor match to 401-K for the year ended December 31, 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
WATSON ROBERT L G
18803 MEISNER DRIVE
SAN ANTONIO, TX 78258


President/CEO

Signatures
Robert L.G. Watson 2/10/2020
**Signature of Reporting Person Date
Abraxas Petroleum (NASDAQ:AXAS)
Historical Stock Chart
From Oct 2020 to Nov 2020 Click Here for more Abraxas Petroleum Charts.
Abraxas Petroleum (NASDAQ:AXAS)
Historical Stock Chart
From Nov 2019 to Nov 2020 Click Here for more Abraxas Petroleum Charts.