SEC Form 4 · accession 0000893538-16-000169

SM Energy Co · SM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Javan D Ottoson

Officer — President & CEO · Director

Period of report

Jul 1, 2016

Accepted (ET)

Jul 6, 2016 · 6:24 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000893538

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock; $.01 Par Value	Jun 30, 2016	J	1,104	$16.711	A	132,405	D
Common Stock; $.01 Par Value^F2	Jul 1, 2016	M	2,502	—	A	134,907	D
Common Stock; $.01 Par Value	Jul 1, 2016	F	801	$27.00	D	134,106	D
Common Stock; $.01 Par Value^F3	Jul 1, 2016	M	2,774	—	A	136,880	D
Common Stock; $.01 Par Value	Jul 1, 2016	F	888	$27.00	D	135,992	D
Common Stock; $.01 Par Value^F4	Jul 1, 2016	M	5,718	—	A	141,710	D
Common Stock; $.01 Par Value	Jul 1, 2016	F	1,974	$27.00	D	139,736	D
Common Stock; $.01 Par Value^F5	Jul 1, 2016	M	4,211	—	A	143,947	D
Common Stock; $.01 Par Value	Jul 1, 2016	F	1,962	$27.00	D	141,985	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F2	—	Jul 1, 2016	M	2,502	D	—	—	Common Stock	2,502	0	D
Restricted Stock Units^F3	—	Jul 1, 2016	M	2,774	D	—	—	Common Stock	2,774	2,775	D
Restricted Stock Units^F4	—	Jul 1, 2016	M	5,718	D	—	—	Common Stock	5,718	11,437	D

Explanation of responses

F1The reporting person purchased 1,104 shares of the issuer's common stock on June 30, 2016, through the issuer's Employee Stock Purchase Plan.
F2Each restricted stock unit represents a contingent right to receive one share of stock. The restricted stock unit grant vested in three equal annual installments beginning on July 1, 2014. The vested shares were issued to the reporting person on the vesting dates, at which time all restrictions on the vested shares lapsed.
F3Each 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, 2015. 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.
F4Each 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, 2016. 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.
F5On July 1, 2016, the Compensation Committee of the Board of Directors of the issuer determined that 4,211 shares of the issuer's common stock had been earned by the reporting person under the terms of a grant of performance share units (the "PSUs"), based on the achievement of specific performance criteria that were not tied solely to the market price of the issuer's common stock. The PSUs were granted to the reporting person on July 1, 2013, and represent the right to receive, upon the settlement of the PSUs, the determined number of earned shares of the issuer's common stock based on the achievement of the performance criteria over a three-year performance period (with the determined number of earned shares being within a range of zero to two times the number of PSUs granted on the award date), to the extent that the PSUs have vested under separate employment service vesting provisions. The PSUs vested on July 1, 2016.