DEVON ENERGY CORP/DE — Director's Dealing 2011

Jan 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DEVON ENERGY CORP/DE (DVN)
CIK: 0001090012
Period of Report: 2011-01-31

Reporting Person: SMETTE DARRYL G (EVP MARKETING & MIDSTREAM)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-31	Common Stock	M	5500	$26.425	Acquired	43075	Direct
2011-01-31	Common Stock	S	5500	$87	Disposed	37575	Direct
2011-01-31	Common Stock	M	6500	$26.425	Acquired	44075	Direct
2011-01-31	Common Stock	S	6500	$89	Disposed	37575	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-31	Non-Qualified Stock Option (right to buy)	$26.425	M	5500	Disposed	2011-12-03	Common Stock (5500)	Direct
2011-01-31	Non-Qualified Stock Option (right to buy)	$26.425	M	6500	Disposed	2011-12-03	Common Stock (6500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2635	Indirect
Common Stock	78349	Indirect