Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SMETTE DARRYL G
   2. Issuer Name and Ticker or Trading Symbol
DEVON ENERGY CORP/DE [DVN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP MARKETING & MIDSTREAM
(Last)
(First)
(Middle)
20 NORTH BROADWAY		 3. Date of Earliest Transaction (Month/Day/Year)
12/01/2011
(Street)

OKLAHOMA CITY, OK 73102-8260		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/02/2011   F   1,644 D $ 65.39 59,931 D  
Common Stock 12/02/2011   M   3,716 A $ 26.425 63,647 D  
Common Stock 12/02/2011   M   1,810 A $ 17.425 65,457 D  
Common Stock               2,635 I by Spouse/Trust
Common Stock               108,323 I by Trust

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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. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy) $ 65.1 12/01/2011   A   1,536   12/01/2011(1) 11/30/2019 Common Stock 1,536 $ 0 1,536 D  
Non-Qualified Stock Option (right to buy) $ 17.425 12/02/2011   M     1,810 12/04/2001 12/04/2011 Common Stock 1,810 $ 0 0 D  
Non-Qualified Stock Option (right to buy) $ 26.425 12/02/2011   M     3,716 12/04/2003 12/03/2011 Common Stock 3,716 $ 0 0 D  
Non-Qualified Stock Option (right to buy) $ 65.1 12/01/2011   A   31,864   12/01/2011(1) 11/30/2019 Common Stock 31,864 $ 0 31,864 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SMETTE DARRYL G
20 NORTH BROADWAY
OKLAHOMA CITY, OK 73102-8260		       EVP MARKETING & MIDSTREAM  

Signatures

 By: Carla D. Brockman For: Darryl G. Smette   12/05/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Options granted December 1, 2011, vest 20% on the 1st day of December in each of the years 2011, 2012, 2013, 2014, and 2015, expiring on November 30, 2019.

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