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^*

WALKER R A

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
3TEC ENERGY CORP [ TTEN ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President; CFO

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2003

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	06/03/2003		M		500,000⁽¹⁾	A	7.98	346,301	D
Common Stock	06/03/2003		M		56,000	A	9.75	346,301	D
Common Stock	06/03/2003		M		44,000	A	9.75	346,301	D
Common Stock	06/03/2003		M		230,000	A	14.3125	346,301	D
Common Stock	06/03/2003		F		234,706	D	17	346,301	D
Common Stock	06/03/2003		F		32,118	D	17	346,301	D
Common Stock	06/03/2003		F		25,235	D	17	346,301	D
Common Stock	06/03/2003		F		193,640	D	17	346,301	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)
Common Stock	7.98	06/03/2003		M			500,000	05/01/2000⁽⁹⁾	04/30/2010	Common Stock	500,000	$0	0	D
Common Stock	9.75	06/03/2003		M			56,000	07/05/2000⁽¹⁰⁾	07/03/2010	Common Stock	56,000	$0	0	D
Common Stock	9.75	06/03/2003		M			44,000	07/05/2000	07/03/2010	Common Stock	44,000	$0	0	D
Common Stock	14.3125	06/03/2003		M			230,000	12/18/2000⁽¹¹⁾	12/17/2010	Common Stock	230,000	$0	0	D

Explanation of Responses:

1. The reporting person obtained and sold the common stock as a result of the cashless exercise of stock options the exercise price of which was $7.98 per share.

9. 250,000 shares vested on 5/1/00, 83,334 shares vested on 5/1/01, 83,333 shares vested on 5/1/02 and 83,333 shares vested on 2/2/03 by action of the Compensation Committee.

10. 6,000 shares vested on 7/5/00, 16,667 shares vested on 7/5/01, 16,667 shares vested on 7/5/02 and 16,666 shares vested on 2/2/03 by action of the Compensation Committee.

11. 75,000 shares vested on 12/18/00, 25,000 shares vested on 12/18/01, 25,000 shares vested on 12/18/02 and 5,000 shares vested on 2/2/03 by action of the Compensation Committee.

	R.A. Walker	06/04/2003
	** 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).
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