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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001181431-10-036348.txt : 20100706
<SEC-HEADER>0001181431-10-036348.hdr.sgml : 20100705
<ACCEPTANCE-DATETIME>20100706142020
ACCESSION NUMBER:		0001181431-10-036348
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100701
FILED AS OF DATE:		20100706
DATE AS OF CHANGE:		20100706

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Neese Jay B
		CENTRAL INDEX KEY:			0001444588

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34778
		FILM NUMBER:		10938526

	MAIL ADDRESS:	
		STREET 1:		180 EAST 100 SOUTH, P.O. BOX 45360
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84145-0433

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			QEP RESOURCES, INC.
		CENTRAL INDEX KEY:			0001108827
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				870287750
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1050 17TH STREET, SUITE 500
		CITY:			DENVER
		STATE:			CO
		ZIP:			80265
		BUSINESS PHONE:		801-324-2600

	MAIL ADDRESS:	
		STREET 1:		1050 17TH STREET, SUITE 500
		CITY:			DENVER
		STATE:			CO
		ZIP:			80265

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QUESTAR MARKET RESOURCES INC
		DATE OF NAME CHANGE:	20000309
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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    <periodOfReport>2010-07-01</periodOfReport>

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    <issuer>
        <issuerCik>0001108827</issuerCik>
        <issuerName>QEP RESOURCES, INC.</issuerName>
        <issuerTradingSymbol>QEP</issuerTradingSymbol>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001444588</rptOwnerCik>
            <rptOwnerName>Neese Jay B</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O QEP RESOURCES, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>1050 17TH STREET, SUITE 500</rptOwnerStreet2>
            <rptOwnerCity>DENVER</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80265</rptOwnerZipCode>
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            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Vice President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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            <securityTitle>
                <value>Common Stock, $0.01 par value</value>
                <footnoteId id="F1"/>
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                <value>2010-07-01</value>
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                    <value>D</value>
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        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option</value>
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            <conversionOrExercisePrice>
                <value>27.549</value>
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                <value>2010-07-01</value>
            </transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionShares>
                    <value>80000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
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                    <value>A</value>
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            <exerciseDate>
                <footnoteId id="F9"/>
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            <expirationDate>
                <value>2016-03-05</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>80000</value>
                </underlyingSecurityShares>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>80000</value>
                </sharesOwnedFollowingTransaction>
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                    <value>D</value>
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    </derivativeTable>

    <footnotes>
        <footnote id="F1">On June 30, 2010 (the &quot;Distribution Date&quot;), Questar Corporation (&quot;Questar&quot;) consummated the spin-off of its wholly owned subsidiary, QEP Resources, Inc. (&quot;QEP&quot;), by distributing all of the shares of QEP that it owned to Questar shareholders of record as of the close of business on June 18, 2010 (the &quot;Record Date&quot;).  The distribution was made to the Questar shareholders on a pro rata basis by means of a share dividend pursuant to which each shareholder received 1 share of QEP common stock  for every 1 share of Questar common stock held by such shareholder.  Each holder as of the Record Date of Questar restricted stock that remained outstanding immediately prior to the Distribution Date also participated in the dividend, and received 1 share of QEP restricted stock for every 1 share of Questar restricted stock held by such holder.</footnote>
        <footnote id="F2">Includes 17,059 shares of restricted stock granted upon consummation of the spin-off, and 34,492 shares of restricted stock granted as a result of the conversion of certain cash awards granted to the reporting person under the Questar Long-Term Cash Incentive Plan to shares of QEP restricted stock in accordance with that certain Employee Matters Agreement dated June 14, 2010 between Questar and QEP (the &quot;Employee Matters Agreement&quot;).</footnote>
        <footnote id="F3">Includes 32,126 shares of common stock and 22,416 shares of restricted stock acquired as a result of the share dividend described in footnote (1) above.</footnote>
        <footnote id="F4">Acquired as a result of the share dividend described in footnote (1) above.</footnote>
        <footnote id="F5">In connection with the spin-off, each holder as of the Record Date of Questar phantom stock units that remained outstanding immediately prior to the Distribution Date received 1 share of QEP phantom stock unit for every 1 share of Questar phantom stock unit held by such holder.  Each QEP phantom stock unit has the same vesting schedule as in effect for the corresponding Questar phantom stock unit.</footnote>
        <footnote id="F6">Vested shares of phantom stock units will be payable in cash on the date of, or at a designated anniversary date following, the first to occur of the reporting person's (i) separation from service from QEP (subject to 6-month delay if necessary to comply with IRC 409A), (ii) death or (iii) disability, pursuant to the QEP Resources, Inc. Deferred Compensation Wrap Plan.</footnote>
        <footnote id="F7">These options were originally granted to the reporting person by Questar.  In connection with the spin-off, these options were split into options to acquire Questar common stock and QEP common stock in accordance with the Employee Matters Agreement.</footnote>
        <footnote id="F8">The option vests in three annual installments beginning on March 5, 2011, subject to accelerated vesting upon the occurrence of certain events as set forth in the award agreement.</footnote>
        <footnote id="F9">The option vests in three annual installments which began on March 5, 2010.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Abigail L. Jones, Attorney-in-Fact</signatureName>
        <signatureDate>2010-07-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----