Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Johnson Kenneth Wayne
2. Date of Event Requiring Statement (Month/Day/Year)
10/04/2018
3. Issuer Name and Ticker or Trading Symbol
ABRAXAS PETROLEUM CORP [AXAS]
(Last)
(First)
(Middle)
18803 MEISNER DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President - Operations
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN ANTONIO, TX 78258
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Abraxas Petroleum Corp Common Stock 232,548
D
 
Abraxas Petroleum Corp Common Stock 31,346
I
401-K

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option 03/17/2010(1) 03/17/2019 Abraxas Petroleum Corp Common Stock 11,250 $ 0.99 D  
Employee Stock Option 10/05/2010(1) 10/05/2019 Abraxas Petroleum Corp Common Stock 31,875 $ 1.75 D  
Employee Stock Option 03/16/2011(1) 03/16/2020 Abraxas Petroleum Corp Common Stock 33,000 $ 2.09 D  
Employee Stock Option 03/15/2012(1) 03/15/2021 Abraxas Petroleum Corp Common Stock 15,000 $ 4.72 D  
Employee Stock Option 08/09/2012(1) 08/09/2021 Abraxas Petroleum Corp Common Stock 25,000 $ 3.55 D  
Employee Stock Option 03/08/2013(1) 03/08/2022 Abraxas Petroleum Corp Common Stock 9,500 $ 3.74 D  
Employee Stock Option 05/14/2014(1) 05/14/2023 Abraxas Petroleum Corp Common Stock 21,500 $ 2.39 D  
Employee Stock Option 03/11/2015(1) 03/11/2024 Abraxas Petroleum Corp Common Stock 23,000 $ 3.15 D  
Employee Stock Option 03/15/2017(1) 03/15/2026 Abraxas Petroleum Corp Common Stock 77,000 $ 0.97 D  
Performance based restricted stock 04/01/2021(2) 04/01/2021 Abraxas Petroleum Corp Common Stock 27,306 $ 2.37 D  

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 10/08/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) Options vest 25% per year from date of grant.
(2) 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.

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