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 *
Mize Mark
  2. Issuer Name and Ticker or Trading Symbol
PETROHAWK ENERGY CORP [HK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP - CFO, Treasurer
(Last)
(First)
(Middle)
1000 LOUISIANA, SUITE 5600
3. Date of Earliest Transaction (Month/Day/Year)
03/21/2011
(Street)

HOUSTON, TX 77002
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
Common Stock 03/21/2011   M   15,000 A $ 10.23 152,007 (1) D  
Common Stock 03/21/2011   M   50,000 A $ 18.08 202,007 D  
Common Stock 03/21/2011   M   48,666 A $ 15.23 250,673 D  
Common Stock 03/21/2011   S   1,600 D $ 22.66 249,073 D  
Common Stock 03/21/2011   S   6,180 D $ 22.67 242,893 D  
Common Stock 03/21/2011   S   1,900 D $ 22.6701 240,993 D  
Common Stock 03/21/2011   S   1,100 D $ 22.6765 239,893 D  
Common Stock 03/21/2011   S   800 D $ 22.6788 239,093 D  
Common Stock 03/21/2011   S   4,500 D $ 22.68 234,593 D  
Common Stock 03/21/2011   S   1,000 D $ 22.6801 233,593 D  
Common Stock 03/21/2011   S   3,400 D $ 22.6844 230,193 D  
Common Stock 03/21/2011   S   6,932 D $ 22.69 223,261 D  
Common Stock 03/21/2011   S   3,518 D $ 22.6901 219,743 D  
Common Stock 03/21/2011   S   2,300 D $ 22.6973 217,443 D  
Common Stock 03/21/2011   S   2,600 D $ 22.6984 214,843 D  
Common Stock 03/21/2011   S   9,038 D $ 22.7 205,805 D  
Common Stock 03/21/2011   S   2,300 D $ 22.7016 203,505 D  
Common Stock 03/21/2011   S   582 D $ 22.71 202,923 D  
Common Stock 03/21/2011   S   2,300 D $ 22.7101 200,623 D  
Common Stock 03/21/2011   S   7,350 D $ 22.72 193,273 D  
Common Stock 03/21/2011   S   1,200 D $ 22.7266 192,073 D  
Common Stock 03/21/2011   S   640 D $ 22.73 191,433 D  
Common Stock 03/21/2011   S   2,500 D $ 22.7352 188,933 D  
Common Stock 03/21/2011   S   800 D $ 22.75 188,133 D  
Common Stock 03/21/2011   S   5,600 D $ 22.76 182,533 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
Employee Stock Option (right to buy) $ 10.23 03/21/2011   M     15,000 08/11/2009(2) 08/11/2016 Common Stock 15,000 $ 0 0 D  
Employee Stock Option (right to buy) $ 18.08 03/21/2011   M     50,000 02/28/2011(3) 02/28/2018 Common Stock 50,000 $ 0 0 D  
Employee Stock Option (right to buy) $ 15.23 03/21/2011   M     48,666   (4) 03/02/2019 Common Stock 48,666 $ 0 24,334 D  
Stock Appreciation Right $ 11.64 03/21/2011   M     30,000 03/02/2010(5) 03/02/2017 Common Stock 30,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Mize Mark
1000 LOUISIANA
SUITE 5600
HOUSTON, TX 77002
      EVP - CFO, Treasurer  

Signatures

 David S. Elkouri, Attorney-in-fact   03/23/2011
**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) A review of the reporting person's brokerage account holdings resulted in the discovery that the reporting person's common stock holdings have been overstated by five shares. Accordingly, the reporting person's common stock holdings have been reduced by five shares.
(2) The option vested in three equal annual installments beginning August 11, 2007.
(3) The option vested in three equal annual installments beginning February 28, 2009.
(4) The option vests in three equal annual installments beginning March 2, 2010.
(5) The stock appreciation right vested in three equal annual installments beginning March 2, 2008.
 
Remarks:
This report is one of three.  The total number of shares sold by the reporting person on March 21, 2011 was 123,666. The total number of shares sold by the reporting person on March 22, 2011 was 9,382.

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