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 *

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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
Director10% OwnerOfficerOther
WATSON ROBERT L G
18803 MEISNER DRIVE
SAN ANTONIO, TX 78258


President/CEO

Signatures
Robert L.G. Watson2/10/2020
**Signature of Reporting PersonDate

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