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 *
BIGGERS MARK WENDELL
  2. Issuer Name and Ticker or Trading Symbol
VICTORY ENERGY CORP [VYEYD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CHIEF FINANCIAL OFFICER
(Last)
(First)
(Middle)
C/O VICTORY ENERGY CORPORATION, 20341 IRVINE AVENUE, SUITE D6
3. Date of Earliest Transaction (Month/Day/Year)
01/13/2012
(Street)

NEWPORT BEACH, CA 92660
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
10% Senior Secured Convertible Debenture $ 0.25 01/13/2012   P   40,000   01/13/2012   (1) Common Stock 40,000 $ 10,000 (2) 40,000 D  
10% Senior Secured Convertible Debenture $ 0.25 01/13/2012   P   40,000   01/13/2012   (1) Common Stock 40,000 $ 10,000 (2) 80,000 D  
10% Senior Secured Convertible Debenture $ 0.25 01/13/2012   P   40,000   01/13/2012   (1) Common Stock 40,000 $ 10,000 (2) 120,000 D  
10% Senior Secured Convertible Debenture $ 0.25 01/13/2012   P   40,000   01/13/2012   (1) Common Stock 40,000 $ 10,000 (2) 160,000 D  
10% Senior Secured Convertible Debenture $ 0.25 01/13/2012   P   40,000   01/13/2012   (1) Common Stock 40,000 $ 10,000 (2) 200,000 D  
10% Senior Secured Convertible Debenture $ 0.25 01/13/2012   P   40,000   01/13/2012   (1) Common Stock 40,000 $ 10,000 (2) 240,000 D  
10% Senior Secured Convertible Debenture $ 0.25 01/13/2012   P   20,000   01/13/2012   (1) Common Stock 20,000 $ 5,000 (2) 260,000 D  
Warrants $ 0.25 01/13/2012   P   200   01/13/2012 01/12/2017 Common Stock 200 (3) 260,200 D  
Warrants $ 0.25 01/13/2012   P   200   01/13/2012 01/12/2017 Common Stock 200 (3) 260,400 D  
Warrants $ 0.25 01/13/2012   P   200   01/13/2012 01/12/2017 Common Stock 200 (3) 260,600 D  
Warrants $ 0.25 01/13/2012   P   200   01/13/2012 01/12/2017 Common Stock 200 (3) 260,800 D  
Warrants $ 0.25 01/13/2012   P   200   01/13/2012 01/12/2017 Common Stock 200 (3) 270,000 D  
Warrants $ 0.25 01/13/2012   P   200   01/13/2012 01/12/2017 Common Stock 200 (3) 270,200 D  
Warrants $ 0.25 01/13/2012   P   100   01/13/2012 01/12/2017 Common Stock 100 (3) 270,300 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BIGGERS MARK WENDELL
C/O VICTORY ENERGY CORPORATION
20341 IRVINE AVENUE, SUITE D6
NEWPORT BEACH, CA 92660
      CHIEF FINANCIAL OFFICER  

Signatures

 /s/ Mark Biggers   02/09/2012
**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).
(1) The Debenture is convertible at any time, at the holder's election, until the Debenture is no longer outstanding. The maturity date of the Debentures is September 30, 2013, but may be extended at the sole discretion of the Issuer to December 31 2013.
(2) On January 13, 2012, the reporting person participated in the Issuer's private placement of 450 Units to certain qualified investors. Each Unit is comprised of (i) a $10,000 principal amount 10% Senior Secured Convertible Debenture, and (ii) a five-year warrant to purchase 200 shares of common stock. The Units are being offered at a purchase price of $10,000 per Unit. The reporting person purchased six and on-half (6 1/2) Units for a total purchase price of $65,000.
(3) Warrants issued as part of the Units.

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