Sec Form 4 Filing - Lawler Robert D. @ CHESAPEAKE ENERGY CORP - 2020-05-05

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Lawler Robert D. 2. Issuer Name and Ticker or Trading Symbol CHESAPEAKE ENERGY CORP [ CHKAQ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) CEO (Last) (First) (Middle) 6100 N. WESTERN AVE. 3. Date of Earliest Transaction (MM/DD/YY) 05/05/2020 (Street) OKLAHOMA CITY, OK73118 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock 05/05/2020 D 11,216 ( 1 ) D $ 0 13,963 ( 2 ) D Common Stock 12/18/2020 S 9,590 D $ 2.0258 4,373 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Non-Qualified Stock Option (right to buy) $ 4,020.66 ( 3 ) 05/05/2020 D 3,266 ( 3 ) 06/17/2014 06/17/2023 Common Stock 3,266 ( 4 ) $ 0 0 D Non-Qualified Stock Option (right to buy) $ 4,913.08 ( 3 ) 05/05/2020 D 1,270 ( 3 ) 01/10/2015 01/10/2024 Common Stock 1,270 ( 4 ) $ 0 0 D Non-Qualified Stock Option (right to buy) $ 3,674 ( 3 ) 05/05/2020 D 2,497 ( 3 ) 01/10/2016 01/10/2025 Common Stock 2,497 ( 4 ) $ 0 0 D Non-Qualified Stock Option (right to buy) $ 742 ( 3 ) 05/05/2020 D 5,000 ( 3 ) 01/14/2017 01/14/2026 Common Stock 5,000 ( 4 ) $ 0 0 D Non-Qualified Stock Option (right to buy) $ 1,090 ( 3 ) 05/05/2020 D 5,000 ( 3 ) 03/15/2018 03/15/2027 Common Stock 5,000 ( 4 ) $ 0 0 D Non-Qualified Stock Option (right to buy) $ 602 ( 3 ) 05/05/2020 D 5,000 ( 3 ) 03/19/2019 03/19/2028 Common Stock 5,000 ( 4 ) $ 0 0 D Non-Qualified Stock Option (right to buy) $ 594 ( 3 ) 05/05/2020 D 5,000 ( 3 ) 03/07/2020 03/07/2029 Common Stock 5,000 ( 4 ) $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Lawler Robert D. 6100 N. WESTERN AVE. OKLAHOMA CITY, OK73118 X CEO Signatures J. David Hershberger For: ROBERT DOUGLAS LAWLER 12/22/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Reflects the forfeiture of 100% of the Reporting Person's outstanding restricted stock units, as disclosed in the Issuer's Current Report on Form 8-K filed with the SEC on May 8, 2020. ( 2 )Reflects the effect of a 1-for-200 reverse stock split effective as of April 14, 2020, as disclosed in the Issuer's Form 10-K/A filed with the SEC on April 29, 2020 and in other SEC filings. ( 3 )Reflects an adjustment to the non-qualified stock options, including the exercise price and number of underlying common shares, resulting from the Issuer's 1-for-200 reverse stock split effective as of April 14, 2020. ( 4 )Reflects the forfeiture of 100% of the Reporting Person's outstanding non-qualified stock options.

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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