SM Energy Co — Director's Dealing 2011

Jul 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SM Energy Co (SM)
CIK: 0000893538
Period of Report: 2011-07-01

Reporting Person: Copeland David W (Sr. VP , GC & Corp. Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-30	Common Stock; $.01 Par Value	J	424	$50.0905	Acquired	10424	Direct
2011-07-01	Common Stock; $.01 Par Value	M	970	—	Acquired	11394	Direct
2011-07-01	Common Stock; $.01 Par Value	F	301	$73.82	Disposed	11093	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-01	Restricted Stock Units	$	M	970	Disposed	2011-07-01	Common Stock (970)	Direct

Footnotes

F1: The reporting person purchased 424 shares of the issuer's common stock on June 30, 2011, through the Issuer's Employee Stock Purchase Program.

F2: The restricted stock units vest as follows: 970 shares on July 1, 2011, 1,940 shares on July 1, 2012, and 3,878 shares 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.