SM Energy Co — Director's Dealing 2012

Mar 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SM Energy Co (SM)
CIK: 0000893538
Period of Report: 2012-03-14

Reporting Person: BAUMANN BARBARA M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-14	Common Stock; $.01 Par Value	M	13080	$12.08	Acquired	45228	Direct
2012-03-14	Common Stock; $.01 Par Value	S	13080	$80.24	Disposed	32148	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-14	Stock Options (Right-To-Buy)	$12.08	M	13080	Disposed	2012-05-23	Common Stock (13080)	Direct

Footnotes

F1: The price reflects an average of multiple transaction prices ranging from $80.15 to $80.41.

F2: The stock options vested in four equal annual installments beginning on May 23, 2002.