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^*

HECKAMAN ALTON D JR

(Last)

(First)

(Middle)

16825 NORTHCHASE DRIVE, SUITE 400

(Street)

HOUSTON

77060

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SWIFT ENERGY CO [ SFY ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2008

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)
SFY Common Stock-401(k)								6,959	I	401(k) Plan
SFY Cmmn Stock-ESOP Holding								1,276	I	ESOP Plan
Swift Energy Common Stock	02/28/2008		M		1,541	A	$21.21	49,033	D
Swift Energy Common Stock	02/28/2008		M		214	A	$23.19	49,247	D
Swift Energy Common Stock	02/28/2008		M		15,384	A	$21.9375	64,631	D
Swift Energy Common Stock	02/28/2008		M		2,270	A	$13.84	66,901	D
Swift Energy Common Stock	02/28/2008		F⁽⁴⁾		8,132	D	$49.98	58,769	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)
Stock Option 2/28/08 - 11/4/2013	$49.98	02/28/2008		A⁽¹⁾		628		02/28/2009	11/04/2013	Swift Energy Common Stock	628	$0	628	D
Stock Option 2/28/08 - 2/28/2010	$49.98	02/28/2008		A⁽²⁾		752		02/28/2009	02/28/2010	Swift Energy Common Stock	752	$0	752	D
Stock Option 2/28/08 - 8/1/2010	$49.98	02/28/2008		A⁽³⁾		6,752		02/28/2008	08/01/2010	Swift Energy Common Stock	6,752	$0	6,752	D
SQ90 Plan grt 5/25/2004 NQ	$21.21	02/28/2008		M			1,541	05/25/2005	12/07/2008	Swift Energy Common Stock	1,541	$0	0	D
SQ90 Plan grt 9/9/2004 NQ	$23.19	02/28/2008		M			214	09/09/2005	12/07/2008	Swift Energy Common Stock	214	$0	0	D
SQ90 Plan grt 8/1/2000 NQ	$21.9375	02/28/2008		M			15,384	08/01/2001	08/01/2010	Swift Energy Common Stock	15,384	$0	0	D
SQ01 Plan grt 11/4/2003	$13.84	02/28/2008		M			2,270	11/04/2004	11/04/2013	Swift Energy Common Stock	17,455	$0	5,000	D

Explanation of Responses:

1. Grant of reload option pursuant to plan.

2. Grant of reload shares pursuant to plan.

3. Grant of reload options pursuant to plan.

4. Payment of exercise price by delivery of 8,132 shares of issuer's common stock at $49.98 per share, the closing price of issuer's stock on 2/28/2008.

	Alton D. Heckaman, Jr	02/29/2008
	** 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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