X0202 4 2007-12-11 0000007332 SOUTHWESTERN ENERGY CO SWN 0001103813 KERLEY GREGORY D 2350 N. SAM HOUSTON PKWY EAST SUITE 125 HOUSTON TX 77032 0 1 0 0 Executive Vice President & CFO Common Stock 2007-12-11 4 S 0 2200 53.92 D 891109 D Common Stock 2007-12-11 4 S 0 100 53.925 D 891009 D Common Stock 2007-12-11 4 S 0 1300 53.93 D 889709 D Common Stock 2007-12-11 4 S 0 700 53.94 D 889009 D Common Stock 2007-12-11 4 S 0 1100 53.95 D 887909 D Common Stock 2007-12-11 4 S 0 800 53.96 D 887109 D Common Stock 2007-12-11 4 S 0 600 53.97 D 886509 D Common Stock 2007-12-11 4 S 0 100 53.975 D 886409 D Common Stock 2007-12-11 4 S 0 100 53.98 D 886309 D Common Stock 2007-12-11 4 S 0 900 53.99 D 885409 D Common Stock 2007-12-11 4 S 0 4100 54 D 881309 D Common Stock 2007-12-11 4 S 0 1100 54.01 D 880209 D Common Stock 2007-12-11 4 S 0 1600 54.02 D 878609 D Common Stock 2007-12-11 4 S 0 700 54.03 D 877909 D Common Stock 2007-12-11 4 S 0 100 54.035 D 877809 D Common Stock 2007-12-11 4 S 0 1000 54.04 D 876809 D Common Stock 2007-12-11 4 S 0 800 54.05 D 876009 D Common Stock 2007-12-11 4 S 0 100 54.055 D 875909 D Common Stock 2007-12-11 4 S 0 1600 54.06 D 874309 D Common Stock 2007-12-11 4 S 0 200 54.065 D 874109 D Common Stock 2007-12-11 4 S 0 2700 54.07 D 871409 D Common Stock 2007-12-11 4 S 0 100 54.075 D 871309 D Common Stock 2007-12-11 4 S 0 3100 54.08 D 868209 D Common Stock 2007-12-11 4 S 0 1800 54.09 D 866409 D Common Stock 2007-12-11 4 S 0 1300 54.1 D 865109 D Common Stock 2007-12-11 4 S 0 100 54.105 D 865009 D Common Stock 2007-12-11 4 S 0 4000 54.11 D 861009 D Common Stock 2007-12-12 4 J 0 114.3716 42.5169 A 12411.4809 I By 401(k) plan Phantom Stock Common Stock 25794.8632 25794.8632 D Stock Options (Right to buy) 1.8594 2001-12-14 2010-12-14 Common Stock 77992 77992 D Stock Options (Right to buy) 2.865 2003-12-11 2012-12-11 Common Stock 76040 76040 D Stock Options (Right to buy) 5.285 2004-12-10 2013-12-10 Common Stock 108359 108359 D Stock Options (Right to buy) 12.45 2005-12-09 2011-12-09 Common Stock 59360 59360 D Stock Options (Right to buy) 35.49 2006-12-08 2012-12-08 Common Stock 23710 23710 D Stock Options (Right to buy) 40.67 2007-12-11 2013-12-11 Common Stock 21850 21850 D The common stock held in the Southwestern Energy Company Nonqualified Retirement Plan (the "NQ Plan") investment fund was previously reported in Table 1 as a non-derivative security indirectly owned by the reporting person. Prospectively, the balance of common stock held in the NQ Plan investment fund on behalf of the insider will be reported under Table II as phantom stock. Each share of phantom stock represents the right to receive the economic equivalent of one share of Southwestern Energy Company common stock. Purchased through the Company's 401(k) plan from June 15, 2007, through December 12, 2007. The information in this report is based on a plan statement dated as of November 30, 2007. Shares of phantom stock are payable in cash following termination of the reporting person's employment with Southwestern Energy Company. The reporting person may transfer his phantom stock account into an alternative investment account at any time. Melissa D. McCarty, Attorney-in-Fact 2007-12-12