SEC Form 4

FORM 4
[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).

(Print or Type Responses) UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person^*   Voelker                     David                      R. (Last)                      (First)                      (Middle)
  650 Poydras Street, Suite 2710 (Street)   New Orleans     Louisiana     70130 (City)                      (State)                      (Zip)
2. Issuer Name and Ticker or Trading Symbol
Stone Energy Corporation  (SGY) 3. I.R.S. Identification
    Number of Reporting
     Person, if an entity
    (voluntary)

    ###-##-#### 4. Statement for
    (Month/Day/Year)
    February 20, 2003
5. If Amendment,
    Date of Original
     (Month/Day/Year)     _______ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
             X        Director                           10% Owner                        Officer                             Other (specify below) (give title below)
Officer/Other Description             7. Individual or Joint/Group
    Filing (Check Applicable Line)
X   Individual Filing       Joint/Group Filing

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security     (Instr. 3)	2. Transaction Date     (Month/Day/Year)	3. Transaction     Code     and     Voluntary     Code     (Instr. 8) Code  |  V	4. Securities Acquired (A) or Disposed of (D)     (Instr. 3, 4, and 5)         Amount      |         (A)/(D)         |         Price	5. Amount of Securities     Beneficially Owned at     End of Month     (Instr. 3 and 4)	6. Ownership Form:     Direct (D) or     Indirect (I)     (Instr. 4)	7. Nature of      Indirect      Beneficial      Ownership     (Instr. 4)
Common Stock		|	|                             |	41,664	D
Common Stock	02/20/03	S    |	30,000           |           D                |     $32.7137	264,970	I	(2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

(over)
SEC 1474 (3-99)

Voelker, David - August 2002

Form 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security     (Instr. 3)	2. Conver-     sion or     Exercise     Price of     Deri-     vative     Security	3. Transaction     Date     (Month/     Day/     Year)	4. Transaction     Code     and     Voluntary (V)     Code     (Instr.8) Code | V	5. Number of Derivative     Securities Acquired (A)      or Disposed of (D)     (Instr. 3,4 and 5)   (A)      |      (D)	6. Date Exercisable(DE) and     Expiration Date(ED)     (Month/Day/Year)   (DE)     |     (ED)	7. Title and Amount of     Underlying Securities      (Instr. 3 and 4)   Title     |     Amount or                               Number of Shares	8. Price     of     Derivative     Security     (Instr.5)	9. Number of     Derivative     Securities     Beneficially     Owned     at End of     Month     (Instr.4)	10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr.4)	11. Nature of       Indirect       Beneficial       Ownership       (Instr.4)
Nonemployee Director's Option (Right to Buy)	$42.96		|	|	(1)     |   05/16/07	Common Stock    |   5,000		5,000	D
Nonemployee Director's Option (Right to Buy)	$54.375		|	|	(1)     |   05/17/06	Common Stock    |   5,000		5,000	D
Nonemployee Director's Option (Right to Buy)	$58.15625		|	|	(1)     |   05/18/05	Common Stock    |   5,000		5,000	D
Nonemployee Director's Option (Right to Buy)	$37.00		|	|	(1)     |   05/11/04	Common Stock    |   5,000		5,000	D
Nonemployee Director's Option (Right to Buy)	$37.00		|	|	(1)     |   05/14/03	Common Stock    |   5,000		5,000	D

Explanation of Responses :
(1)	Option to buy exercisable in annual increments of one-third beginning on the first anniversary of the date of grant.
(2)	Owned by Frantzen/Voelker Investments, L.L.C., in which reporting person has an ownership.

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
        See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient,
            See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number. By: /s/ David R. Voelker                      February 21, 2003
________________________________         ___________________________
** Signature of Reporting Person                         Date
     Name:  David R. Voelker



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SEC 1474 (3-99)