SM Energy Co — Director's Dealing 2021

Jul 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SM Energy Co (SM)
CIK: 0000893538
Period of Report: 2021-07-01

Reporting Person: Lutey Mary Ellen (SVP - Expl., Development & EHS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-30	Common Stock, $.01 Par Value	J	1278	$5.20	Acquired	60918	Direct
2021-06-30	Common Stock, $.01 Par Value	J	1224	$5.20	Acquired	36061	Indirect
2021-07-01	Common Stock, $.01 Par Value	M	1703	—	Acquired	62621	Direct
2021-07-01	Common Stock, $.01 Par Value	F	493	$24.63	Disposed	62128	Direct
2021-07-01	Common Stock, $.01 Par Value	M	1168	—	Acquired	37229	Indirect
2021-07-01	Common Stock, $.01 Par Value	F	338	$24.63	Disposed	36891	Indirect
2021-07-01	Common Stock, $.01 Par Value	M	4189	—	Acquired	66317	Direct
2021-07-01	Common Stock, $.01 Par Value	F	1211	$24.63	Disposed	65106	Direct
2021-07-01	Common Stock, $.01 Par Value	M	1801	—	Acquired	38692	Indirect
2021-07-01	Common Stock, $.01 Par Value	F	521	$24.63	Disposed	38171	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-01	Restricted Stock Units	$	M	1703	Disposed		Common Stock, $.01 Par Value (1703.0)	Direct
2021-07-01	Restricted Stock Units	$	M	1168	Disposed		Common Stock, $.01 Par Value (1168.0)	Indirect
2021-07-01	Restricted Stock Units	$	M	4189	Disposed		Common Stock, $.01 Par Value (4189.0)	Direct
2021-07-01	Restricted Stock Units	$	M	1801	Disposed		Common Stock, $.01 Par Value (1801.0)	Indirect

Footnotes

F1: The Reporting Person purchased 1,278 shares of the Issuer's common stock on June 30, 2021, through the Issuer's Employee Stock Purchase Plan.

F2: The Reporting Person's spouse purchased 1,224 shares of the Issuer's common stock on June 30, 2021, through the Issuer's Employee Stock Purchase Plan.

F3: The Reporting Person's spouse is also employed by the Issuer, purchases the Issuer's common stock through the Issuer's Employee Stock Purchase Plan, and is eligible to receive awards under the Issuer's equity incentive compensation plan.

F4: Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning on July 1, 2019. 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.

F5: Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning on July 1, 2019. The vested shares will be issued to the Reporting Person's spouse on the vesting dates, at which time all restrictions on the vested shares will lapse.

F6: Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning on July 1, 2020. 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.

F7: Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vests in three equal annual installments beginning on July 1, 2020. The vested shares will be issued to the Reporting Person's spouse on the vesting dates, at which time all restrictions on the vested shares will lapse.