1. Name and Address of Reporting Person
Scharlau, Charles E.
2350 N. Sam Houston Parkway East
Suite 300
Houston, TX 77032
USA
2. Issuer Name and Ticker or Trading Symbol
Southwestern Energy Company (SWN)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
12/31/2002
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner
( ) Officer (give title below) ( ) Other (specify below)
7. 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 |2. Trans- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ +-----+---+-----------+---+----------+Reported | Indirect| Owner- |
| | Year) | Year) |Code |V |Amount |A/D|Price |Transaction(s)| (I) | ship |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
Common Stock 12/31/2002 A 500 A $0.0000 118624 D
Common Stock 1000 I By spouse
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | | |Number |Owner- | |
| | | | | | | | | |of |ship | |
| | | | | | | | | |Deriv- |Form of| |
| | | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | | |of Underlying | |Secur- |ative |Nature|
| |Conver- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative | Day/ | Day/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative| |direct |Owner-|
|Security |Security|Year) |Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security | |(I) |ship |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Stock $6.5 12/31/2009 Common 12000 D
Options Stock
(Right to
buy)
Stock $7.3125 09/11/2008 Common 12000 D
Options Stock
(Right to
buy)
Stock $9.75 12/31/2010 Common 8000 D
Options Stock
(Right to
buy)
Stock $10.9 12/31/2011 Common 8000 D
Options Stock
(Right to
buy)
Stock $11.74 12/31/2 A 6000 12/31/2003 12/31/2012 Common 6000 $0.0000 6000 D
Options 002 Stock
(Right to
buy)
Stock $12.5 12/17/2007 Common 82000 D
Options Stock
(Right to
buy)
Stock $13.375 12/08/2005 Common 50000 D
Options Stock
(Right to
buy)
Stock $14.625 12/14/2004 Common 200000 D
Options Stock
(Right to
buy)
Stock $14.75 12/11/2006 Common 25000 D
Options Stock
(Right to
buy)
Stock $17.125 12/14/2003 Common 45996 D
Options Stock
(Right to
buy)
Explanation of Responses:
Granted in consideration of services as a director.
Option becomes exercisable in four equal annual installments beginning on the
first anniversary of the grant date specified in Column 3 or immediately upon a
change in control.
SIGNATURE OF REPORTING PERSON
/s/ Kathy Harriell
DATE
01/03/2003