SM Energy Co — Director's Dealing 2014

May 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SM Energy Co (SM)
CIK: 0000893538
Period of Report: 2014-05-21

Reporting Person: SULLIVAN WILLIAM D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-21	Common Stock; $.01 Par Value	A	4423	$78.03	Acquired	42693	Direct

Footnotes

F1: On May 21, 2014, the reporting person was granted 3,461 shares of the issuer's common stock for compensation as a board member. The reporting person was also granted 962 shares of the issuer's common stock as compensation for his role as Non-Executive Chairman of the Board of Directors. These shares are earned ratably during the service period pursuant to the reporting person's election and are restricted until November 21, 2015.