DENNIS C. CAMERON - 05 May 2022 Form 4 Insider Report for DEVON ENERGY CORP/DE (DVN)

Role: EVP and General Counsel
Signature: /s/ Edward T. Highberger, Attorney-in-Fact for Dennis C. Cameron
Issuer symbol: DVN
Transactions as of: 05 May 2022
Net transactions value: -$1,011,607
Form type: 4
Filing time: 09 May 2022, 16:31:00 UTC
Previous filing: 06 Apr 2022
Next filing: 06 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DVN	Common Stock	Sale	$685,600	-10,000	-3.5%	$68.56	274,806	05 May 2022	Direct	F1
transaction	DVN	Common Stock	Options Exercise	$324,091	+9,580	+3.5%	$33.83	284,386	05 May 2022	Direct	F2
transaction	DVN	Common Stock	Sale	$650,099	-9,580	-3.4%	$67.86	274,806	05 May 2022	Direct

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DVN	Non-qualified Stock Option (Right to Buy)	Options Exercise	$0	-9,580	-100%	$0.000000^*	0	05 May 2022	Common Stock	9,580	$33.83	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.54 to $68.62 per share. The reporting person undertakes to provide Devon Energy Corporation, any security holder of Devon Energy Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F2	The Form 4 filed by the reporting person on January 11, 2021 reported an exercise price of $33.82 with respect to these stock options. The actual exercise price was $33.83.
F3	The stock options vested in one-third increments on March 3, 2015, 2016 and 2017.