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<?xml version="1.0" encoding="windows-1252"?> |
<ownershipDocument> |
| <schemaVersion> X0306 </schemaVersion> |
| <documentType> 5 </documentType> |
| <periodOfReport> 2022-12-31 </periodOfReport> |
| <form3HoldingsReported> 0 </form3HoldingsReported> |
| <form4TransactionsReported> 1 </form4TransactionsReported> |
| <issuer> |
| | <issuerCik> 0000083350 </issuerCik> |
| | <issuerName> RESERVE PETROLEUM CO </issuerName> |
| | <issuerTradingSymbol> NONE </issuerTradingSymbol> |
| | </issuer> |
| <reportingOwner> |
| | <reportingOwnerId> |
| | | <rptOwnerCik> 0001275616 </rptOwnerCik> |
| | | <rptOwnerName> MCLAIN KYLE L </rptOwnerName> |
| | | </reportingOwnerId> |
| | <reportingOwnerAddress> |
| | | <rptOwnerStreet1> 2301 STEEPLECHASE ROAD </rptOwnerStreet1> |
| | | <rptOwnerStreet2></rptOwnerStreet2> |
| | | <rptOwnerCity> EDMOND </rptOwnerCity> |
| | | <rptOwnerState> OK </rptOwnerState> |
| | | <rptOwnerZipCode> 73034 </rptOwnerZipCode> |
| | | <rptOwnerStateDescription></rptOwnerStateDescription> |
| | | </reportingOwnerAddress> |
| | <reportingOwnerRelationship> |
| | | <isDirector> 1 </isDirector> |
| | | <isOfficer> 1 </isOfficer> |
| | | <officerTitle> EXECUTIVE VICE PRESIDENT </officerTitle> |
| | | </reportingOwnerRelationship> |
| | </reportingOwner> |
| <nonDerivativeTable> |
| | <nonDerivativeTransaction> |
| | | <securityTitle> |
| <value> COMMON STOCK </value> |
| </securityTitle> |
| | | <transactionDate> |
| <value> 2022-08-16 </value> |
| </transactionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> P </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 274 </value> |
| </transactionShares> |
| <transactionPricePerShare> |
| <value> 150 </value> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> A </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 12382 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </nonDerivativeTransaction> |
| | </nonDerivativeTable> |
| <ownerSignature> |
| | <signatureName> /s/ Kyle L. McLain </signatureName> |
| | <signatureDate> 2023-02-07 </signatureDate> |
| | </ownerSignature> |
| </ownershipDocument> |