X0202 4 2007-06-15 0000007332 SOUTHWESTERN ENERGY CO SWN 0001103812 KORELL HAROLD M 2350 N. SAM HOUSTON PKWY EAST SUITE 125 HOUSTON TX 77032 1 1 0 0 Chairman and CEO Common Stock 2007-05-31 5 J 0 E 62205 0 A 499304.228 D Common Stock 2007-05-31 5 J 0 E 62205 0 A 561509.228 D Common Stock 2007-06-15 4 M 0 100000 1.5 A 661509.228 D Common Stock 2007-06-15 4 S 0 100000 49.5835 D 561509.228 D Common Stock 2007-05-18 5 J 0 E 124410 0 D 607090 I by Family Limited Partnership Common Stock 2007-05-18 5 J 0 E 62205 0 A 62205 I by Harold M. Korell GRAT; Harold M. Korell Trustee Common Stock 2007-05-31 5 J 0 E 62205 0 D 0 I by Harold M. Korell GRAT; Harold M. Korell Trustee Common Stock 2007-05-18 5 J 0 E 62205 0 A 62205 I by Pat M. Korell GRAT; Harold M. Korell Trustee Common Stock 2007-05-31 5 J 0 E 62205 0 D 0 I by Pat M. Korell GRAT; Harold M. Korell Trustee Stock Options (Right to buy) 1.5 2007-06-15 4 M 0 100000 1.5 D 2000-12-16 2009-12-16 Common Stock 100000 292336 D On May 31, 2007, the 62,205 shares of stock currently held in the Harold M. Korell Grantor Retained Annuity Trust ("GRAT") were transferred out of the GRAT account and registered in the name of the reporting person and his spouse. Therefore, the reporting person will now have direct beneficial ownership of the stock. On May 18, 2007, 124,410 shares of stock were transferred out of the Family Limited Partnership ("FLP") into individual Grantor Retained Annuity Trust ("GRAT") accounts for the reporting person and his wife. The individual GRAT accounts each contain 62,205 shares of stock. The reporting person will remain the Trustee for each GRAT account, and will continue to have indirect beneficial ownership of the stock. On May 31, 2007, the 62,205 shares of stock currently held in the Patricia M. Korell Grantor Retained Annuity Trust ("GRAT") were transferred out of the GRAT account and registered in the name of the reporting person and his spouse. Therefore, the reporting person will now have direct beneficial ownership of the stock. Melissa D. McCarty, Attorney-in-Fact 2007-06-19