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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1402281	Camac Energy Inc.	CAK	Drilling Oil & Gas Wells (1381)	300349798

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1415554	C Frank Ingriselli	250 East Hartsdale Avenue Suite 47 Hartsdale NY 10530	Ceo, President & Secretary	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-05-04	389,035	$0.00	389,035	No	4	A	Indirect	By Spouse
Common Stock	Disposition	2010-05-05	70,000	$0.00	2,784,049	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Indirect	By Spouse
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2010-05-04	272,000	$0.00	238,596	$0.56
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2010-05-04	175,000	$0.00	150,439	$0.64

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
668,139	2009-09-29	2016-09-29	No	4	X	Direct
493,139	2009-12-09	2018-12-09	No	4	X	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	50,000	Indirect	By son

Footnotes

Shares issued to Reporting Person's spouse as a result of Reporting Person exercising 447,000 options on a cashless basis effective May 4, 2010.
70,000 shares were sold by Reporting Person at an average price of $4.80 per share on 5/5/10 pursuant to Reporting Person's Rule 10b5-1 Plan established August 17, 2009 and administered by Fidelity Investments.
This transaction involved Reporting Person exercising 272,000 fully-vested options on a cashless basis effective May 4, 2010, pursuant to which 33,404 shares were canceled to effect the cashless exercise.
This transaction involved Reporting Person exercising 175,000 fully-vested options on a cashless basis effective May 4, 2010, pursuant to which 24,561 shares were canceled to effect the cashless exercise.