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SM Energy Co Director's Dealing 2010

Jul 6, 2010

31371_dirs_2010-07-06_55d9bd9a-0cc9-487e-8229-398a57a9490e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SM Energy Co (SM)
CIK: 0000893538
Period of Report: 2010-06-30

Reporting Person: MUELLER MARK D (Sr. VP & Regional Manager)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-06-30 Common Stock; $.01 Par Value J 627 $29.104 Acquired 15025 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-07-01 Restricted Stock Units $ A 2412 Acquired Common Stock (2412) Direct

Footnotes

F1: The reporting person purchased 627 shares of the issuer's common stock on June 30, 2010, through the issuer's Employee Stock Purchase Plan.

F2: Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests over a three year period, with 1/7th vesting on July 1, 2011, 2/7th vesting on the July 1, 2012, and 4/7th vesting on July 1, 2013. The vested shares will be issued to the reporting person on the vesting dates, at which time all restrictions on the vested shares will lapse.