UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  SCHEDULE 13D

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (Amendment No. 4)*


                         Name of Issuer: PYRAMID OIL CO.


            Title of Class of Securities: Common Stock, no par value


                            CUSIP Number: 747215 10 1


           Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications:

                                Julia K. O'Neill
                           The Feinberg Law Group, LLC
                           57 River Street, Suite 204
                               Wellesley, MA 02481
                                 (781) 283-5775


Date of Event which Requires Filing of this Statement: July 29, 2008

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].

Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).



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1    NAME OF REPORTING PERSON
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)

     Michael D. Herman
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2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                   (a) [ ]
                                                                   (b) [ ]
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3    SEC USE ONLY

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4    SOURCE OF FUNDS*

     BK
--------------------------------------------------------------------------------
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
     ITEMS  2(d) or 2(e)
                                                                       [ ]
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6    CITIZENSHIP OR PLACE OF ORGANIZATION:

     United States of America
--------------------------------------------------------------------------------
7    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
     VOTING POWER:

     2,123,399
--------------------------------------------------------------------------------
8    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     SHARED VOTING POWER:

     0
--------------------------------------------------------------------------------
9    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE
     DISPOSITIVE POWER:

     2,123,399
--------------------------------------------------------------------------------
10   NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     SHARED DISPOSITIVE POWER:

     0
--------------------------------------------------------------------------------
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

     2,123,399
--------------------------------------------------------------------------------
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
     (not checked)
                                                                       [ ]
--------------------------------------------------------------------------------
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):

     45.4%
--------------------------------------------------------------------------------
14   TYPE OF REPORTING PERSON*

     IN
--------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
     INCLUDE BOTH SIDES OF THE COVER PAGE RESPONSES TO ITEMS 1-7 (INCLUDING
            EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.

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Item 5.  Interest in Securities of the Issuer.

         (a)      Mr. Herman is the beneficial owner of 2,123,399 shares of
                  Common Stock, or approximately 45.4% of the outstanding Common
                  Stock of the Issuer.

         (b)      Mr. Herman has sole power to vote, direct the vote, dispose or
                  and direct the disposition of all of the shares.

         (c)      Mr. Herman recently sold the following numbers of shares of
                  Common Stock of the Issuer through brokers' transactions at
                  the following prices:

         Date of Sale        No. of Shares Sold        Price Per Share ($)

          7/29/2008                         200                      11.72
                                            400                      11.59
                                          5,150                   11.60951
                                         10,088                   11.55492
                                          4,162                       11.5
                                            500                      11.11
                                          1,445                   11.23692
                                         15,068                   11.05161
                                             69                      11.05
                                          2,918                      11.04
                                            100                      11.11
                                            297                       11.1
                                          1,312                      11.08
                                          3,700                      11.07
                                          2,116                      11.06
                                          1,400                      11.05
                                            784                      11.02
                                            400                      11.01
                                          7,300                         11

         (d)      Not applicable.

         (e)      Not applicable.



                                   SIGNATURES


         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 4 to Report on
Schedule 13D is true, complete and correct.


Dated:  July 31, 2008

                                       /s/ MICHAEL D. HERMAN
                                       -----------------------------------------
                                       Michael D. Herman


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