X0303 4 2011-02-18 0 0001309082 LUCAS ENERGY, INC. LEI 0001444463 Lai Kwongyip Andrew 3555 TIMMONS LANE, SUITE 1550 HOUSTON TX 77027 0 1 0 0 CHIEF FINANCIAL OFFICER COMMON STOCK 2011-05-18 4 A 0 3861 2.59 A 3861 D STOCK OPTIONS 1.94 2011-02-18 4 A 0 40000 A 2012-02-18 2016-02-18 COMMON STOCK 40000 160000 D STOCK OPTIONS 1.94 2011-02-18 4 A 0 40000 A 2013-02-18 2016-02-18 COMMON STOCK 40000 160000 D STOCK OPTIONS 1.94 2011-02-18 4 A 0 40000 A 2014-02-18 2016-02-18 COMMON STOCK 40000 160000 D STOCK OPTIONS 1.94 2011-02-18 4 A 0 40000 A 2015-02-18 2016-02-18 COMMON STOCK 40000 160000 D Effective February 18, 2011, the Issuer's Board of Directors approved the grant to Mr. Lai of 160,000 options to purchase shares of common stock of the Issuer in consideration for services to be rendered to the Issuer as the Chief Financial Officer annually from February 18, 2011 through February 18, 2015, which options had an exercise price of $1.94 per share and vest in tranches of 1/4th of such options per year pursuant to the Issuer's 2010 Long Term Incentive Plan (the "Plan"). /S/ K. Andrew Lai 2011-06-17