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
                                                                                  
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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 *

Johnson Kenneth Wayne
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)
Vice President - Operations
(Last)          (First)          (Middle)

18803 MEISNER DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

11/30/2018
(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 Corp Common Stock   11/6/2018     A    103539   A $1.80   087336087   D    
Abraxas Petroleum Corp Common Stock                  31346   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
Employee Stock Option   $.99                    3/17/2010   3/17/2019   Abraxas Petroleum Corp Common Stock   11250     11250   D    
Employee Stock Option   $1.75                    10/5/2010   10/5/2019   Abraxas Petroleum Corp Common Stock   31875     31875   D    
Employee Stock Option   $2.09                    3/16/2011   3/16/2020   Abraxas Petroleum Corp Common Stock   33000     33000   D    
Employee Stock Option   $4.72                    3/15/2012   3/15/2021   Abraxas Petroleum Corp Common Stock   15000     15000   D    
Employee Stock Option   $3.55                    8/9/2012   8/9/2021   Abraxas Petroleum Corp Common Stock   25000     25000   D    
Employee Stock Option   $3.74                    3/8/2013   3/8/2022   Abraxas Petroleum Corp Common Stock   9500     9500   D    
Employee Stock Option   $2.39                    5/14/2014   5/14/2023   Abraxas Petroleum Corp Common Stock   21500     21500   D    
Employee Stock Option   $3.15                    3/11/2015   3/11/2024   Abraxas Petroleum Corp Common Stock   23000     23000   D    
Employee Stock Option   $.97                    3/15/2017   3/15/2026   Abraxas Petroleum Corp Common Stock   77000     77000   D    
Performance based restricted stock   $2.37                    4/1/2021   4/1/2021   (1) Abraxas Petroleum Corp Common Stock   27306     27306   D    

Explanation of Responses:
(1)  Each performance-based restricted stock unit (RSU) represents the right to receive, following vesting, up to 200% of one share of Abraxas Petroleum common stock. The resulting number of shares of Abraxas Petroleum common stock acquired upon vesting of the performance based RSU is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three year period beginning April 1, 2018 and ending April 1, 2021.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Johnson Kenneth Wayne
18803 MEISNER DRIVE
SAN ANTONIO, TX 78258


Vice President - Operations

Signatures
Kenneth W. Johnson 11/30/2018
** Signature of Reporting Person Date


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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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