SM Energy Co — Director's Dealing 2014

Nov 20, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SM Energy Co (SM)
CIK: 0000893538
Period of Report: 2014-11-18

Reporting Person: GARDINER WILLIAM J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-18	Common Stock; $.01 Par Value	M	9772	$20.87	Acquired	65907	Direct
2014-11-18	Common Stock; $.01 Par Value	S	9772	$50.838	Disposed	56135	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-18	Stock Option (Right-to-Buy)	$20.87	M	9772	Disposed	2014-12-31	Common Stock (9772.0)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on August 5, 2014.

F2: The price reflects an average of multiple transaction prices ranging from $50.05 to $51.60.

F3: The options vested in four equal installments on December 31, 2004, 2005, 2006, and 2007.