SM Energy Co — Director's Dealing 2010

May 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ST MARY LAND & EXPLORATION CO (SM)
CIK: 0000893538
Period of Report: 2010-05-27

Reporting Person: GARDINER WILLIAM J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-27	Common Stock; $.01 Par Value	A	3750	—	Acquired	41930	Direct

Footnotes

F1: On May 27, 2010, the reporting person was granted 3,750 shares of the issuer's common stock for compensation as a board member. These shares are earned ratably during the service period pursuant to the reporting person's election and are restricted until May 26, 2012.