DEVON ENERGY CORP/DE — Director's Dealing 2010

Dec 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DEVON ENERGY CORP/DE (DVN)
CIK: 0001090012
Period of Report: 2010-12-07

Reporting Person: HEATLY DANNY J (SVP ACCOUNTING/CHIEF ACCTG OFF)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-07	Common Stock	M	8000	$26.425	Acquired	61881	Direct
2010-12-07	Common Stock	S	8000	$74.1602	Disposed	53881	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-07	Non-Qualified Stock Option (right to buy)	$26.425	M	8000	Disposed	2011-12-03	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	658	Indirect

Footnotes

F1: This was the average price of the 8,000 shares which were exercised in eight tranches ranging in price from $74.1600 to $74.1700.