SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

KETCHAM G C

(Last)

(First)

(Middle)

605 RICHARD ARRINGTON JR. BLVD. NORTH

(Street)

BIRMINGHAM

35203-2707

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ENERGEN CORP [ EGN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President, CFO

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2003

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock (ESP)								9,898	I	ESP⁽¹⁾
Common Stock (Restricted)								3,540	D
Common Stock								7,828	D

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Shares	⁽²⁾	11/28/2003		A		86		⁽³⁾	⁽³⁾	Common Stock	86	$38.94	17,001⁽⁴⁾	D
Stock Option (Right to Buy) (ISO)	$18.25							10/28/2001	10/27/2008	Common Stock	5,000		5,000	D
Stock Option (Right to Buy) (ISO)	$27.4375							⁽⁵⁾	10/24/2010	Common Stock	6,000		6,000	D
Stock Option (Right to Buy) (NQ)	$27.4375							⁽⁶⁾	10/24/2010	Common Stock	15,000		15,000	D
Stock Option (Right to Buy) (ISO)	$22.63							10/24/2004	10/23/2011	Common Stock	4,418		4,418	D
Stock Option (Right to Buy) (NQ)	$22.63							10/24/2004	10/23/2011	Common Stock	2,602		2,602	D
Stock Option (Right to Buy) (ISO)	$29.71							01/29/2006	01/28/2013	Common Stock	3,365		3,365	D
Stock Option (Right to Buy) (NQ)	$29.71							01/29/2006	01/28/2013	Common Stock	4,855		4,855	D

Explanation of Responses:

1. Energen Corporation Employee Savings Plan, number of shares and securities are estimates based on trustee's unit accounting.

2. Securities convert to common stock on a one-for-one basis.

3. The first to occur of 70th birthday, termination of the Plan, termination for cause or one or more other events elected by the participant and approved by Energen.

4. Energen Corporation Deferred Compensation Plan, number of shares and securities are estimates based on recordkeepers' unit accounting.

5. The option becomes exercisable in two equal annual installments on October 25, 2002 and 2003.

6. The option becomes exercisable in three annual installments of 7,000, 4,000 and 4,000 on October 25, 2001, 2002 and 2003, respectively.

Remarks:

	J. D. Woodruff, Attorney in Fact	12/02/2003
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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