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 *
King Geoffrey R.
   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
_____ Officer (give title below) __X__ Other (specify below)
Former VP - CFO
(Last)
(First)
(Middle)
18803 MEISNER DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
06/26/2018
(Street)

SAN ANTONIO, TX 78258		 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
Abraxas Petroleum Common Stock 06/26/2018   D(1)   87,786 D $ 0 (1) 124,292 D  
Abraxas Petroleum Common Stock 06/26/2018   M   200,000 A $ 1.99 324,292 D  
Abraxas Petroleum Common Stock 06/26/2018   F(2)   143,682 D $ 2.77 180,610 D  
Abraxas Petroleum Common Stock 06/26/2018   M   24,000 A $ 2.39 204,610 D  
Abraxas Petroleum Common Stock 06/26/2018   F(2)   20,708 D $ 2.77 183,902 D  
Abraxas Petroleum Common Stock 06/26/2018   M   76,000 A $ 0.97 259,902 D  
Abraxas Petroleum Common Stock 06/26/2018   F(2)   26,614 D $ 2.77 233,288 D  
Abraxas Petroleum Common Stock 06/26/2018   M   25,000 A $ 1.31 258,288 D  
Abraxas Petroleum Common Stock 06/18/2018   F(2)   11,823 D $ 2.77 246,465 D  
Abraxas Petroleum Common Stock               21,159 I 401-K

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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
Employee Stock Option $ 3.15             03/11/2015 03/11/2024 Abraxas Petroleum Common Stock 27,500   27,500 D  
Employee Stock Option $ 3.16             03/03/2016 03/03/2025 Abraxas Petroleum Common Stock 187,500   187,500 D  
Employee Stock Option $ 1.99 06/26/2018   M     200,000 09/04/2013 09/04/2023 Abraxas Petroleum Common Stock 200,000 $ 0 0 D  
Employee Stock Option $ 0.97 06/26/2018   M     76,000 03/11/2017 03/11/2027 Abraxas Petroleum Common Stock 76,000 $ 0 0 D  
Employee Stock Option $ 2.39 06/26/2018   M     24,000 05/14/2014 05/14/2023 Abraxas Petroleum Common Stock 24,000 $ 0 0 D  
Employee Stock Option $ 1.31 06/26/2018   M     25,000 08/09/2017 08/09/2026 Abraxas Petroleum Common Stock 25,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
King Geoffrey R.
18803 MEISNER DRIVE
SAN ANTONIO, TX 78258		       Former VP - CFO

Signatures

 Geooffrey R. King   06/26/2018
**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) Cancellation of restricted shares and performance based shares.
(2) Represents a "net exercise" of outstanding stock options. The reporting person received 122,173 shares of common stock on net exercise of option to purchase 325,000 shares of common stock. The Company withheld 202,827 shares of common stock underlying the options for payment of the exercise price using the closing stock price on June 26, 2018 of $2.77.

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