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 * Yost Kurt C   2. Issuer Name and Ticker or Trading Symbol MILLER ENERGY RESOURCES, INC. [MILL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP and General Counsel (Last) (First) (Middle) 9721 COGDILL ROAD, SUITE 302 3. Date of Earliest Transaction (Month/Day/Year) 05/20/2012 (Street) KNOXVILLE, TN 37932 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

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

OPTION

$ 4.01

05/20/2012

A

6,945

05/20/2012

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

06/20/2012

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

07/20/2012

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

08/20/2012

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

09/20/2012

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

10/20/2012

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

11/20/2012

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

12/20/2012

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

01/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

02/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

03/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

04/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

05/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

06/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

07/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

08/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

09/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

10/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

11/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

12/20/2013

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

01/20/2014

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

02/20/2014

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

03/20/2014

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

04/20/2014

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

05/20/2014

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

06/20/2014

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

07/20/2014

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

08/20/2014

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

09/20/2014

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

OPTION

$ 4.01

05/20/2012

A

V

6,945

10/20/2014

05/20/2022

COMMON STOCK

6,945

$ 0

6,945

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Yost Kurt C 9721 COGDILL ROAD SUITE 302 KNOXVILLE, TN 37932			SVP and General Counsel

Signatures

/s/ Kurt C. Yost		05/23/2012
**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).
Remarks: In connection with Mr. Yost's employment agreement, he was awarded an option to purchase 250,000 shares of our common stock, which vests in equal installments over the first thirty-six months of his employment with us.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.