OGE ENERGY CORP. — Director's Dealing 2011

Nov 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OGE ENERGY CORP. (OGE)
CIK: 0001021635
Period of Report: 2011-11-17

Reporting Person: Horn Patricia D (VP-Gov, EH&S; Corp Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-17	Common Stock-$.01 par value per share	M	8300	$16.69	Acquired	25112.585	Direct
2011-11-17	Common Stock-$.01 par value per share	M	3700	$23.58	Acquired	28812.585	Direct
2011-11-17	Common Stock-$.01 par value per share	S	11000	$51.18	Disposed	17812.585	Direct
2011-11-17	Common Stock-$.01 par value per share	S	1000	$51.77	Disposed	16812.585	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-17	Stock Option (right to buy)	$16.69	M	8300	Disposed	2013-01-27	Com Stk (8300)	Direct
2011-11-17	Stock Option (right to buy)	$23.58	M	3700	Disposed	2014-01-21	Com Stk (3700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock-$.01 par value per share	2008.129	Indirect

Footnotes

F1: The total includes shares acquired through the reinvestment of dividends that were exempt from reporting pursuant to Rule 16a-11.

F2: $51.18. The price reported is a weighted average price. The shares were sold in multiple transactions with prices ranging from $50.75 to $51.74. The reporting person undertakes to provide to OGE Energy, any security holder of OGE Energy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range noted herein.

F3: $51.77. The price reported is a weighted average price. The shares were sold in multiple transactions with prices ranging from $51.75 to $51.81. The reporting person undertakes to provide to OGE Energy, any security holder of OGE Energy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range noted herein.

F4: The information herein is based on a Retirement Savings Plan Statement dated November 16, 2011. The Retirement Savings Plan Statement indicated the number of units in the Common Stock Fund of the Retirement Savings Plan credited to the participant's account at November 16, 2011 and includes shares credited that were exempt from reporting pursuant to Rule 16A-3(f)(1)(i)(B). The number of shares of common stock owned at November 16, 2011 was determined by dividing the dollar value of such units by the closing sale price of the common stock on November 16, 2011.

F5: The Option vested in three equal annual installments beginning on January 27, 2004.

F6: The Option vested in three equal annual installments beginning on January 21, 2005.