UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) JOHNSON, MICHAEL A. 2100 FAIRCLOUD DRIVE EDMOND, OK 73034 2. Issuer Name and Ticker or Trading Symbol Chesapeake Energy Corporation (CHK) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Year 03/02 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) VP - ACCOUNTING AND CHIEF ACCOUNTING OFFICER 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- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 03/05/02 M 6,250 A $1.1300 D Direct Common Stock 03/05/02 M 230 A $1.1300 D Direct Common Stock 03/05/02 M 445 A $1.1300 D Direct Common Stock 03/05/02 M 648 A $1.1300 D Direct Common Stock 03/05/02 M 540 A $1.1300 D Direct Common Stock 03/05/02 M 675 A $1.1300 D Direct Common Stock 03/05/02 M 1,500 A $1.1300 D Direct Common Stock 03/05/02 M 675 A $1.1300 D Direct Common Stock 03/05/02 M 1,266 A $1.1300 D Direct Common Stock 03/05/02 M 6,250 A $0.9400 D Direct Common Stock 03/05/02 M 3,750 A $2.2500 D Direct Common Stock 03/05/02 M 6,250 A $4.0000 D Direct Common Stock 03/05/02 M 6,250 A $5.5600 49,999 D Direct Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) - ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration - ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option $1.1300 03/05/02 M 445 10/16/08 (right to buy) Non-Qualified Stock Option $2.2500 03/05/02 M 3,750 01/03/10 (right to buy) Non-Qualified Stock Option $4.0000 03/05/02 M 6,250 05/04/10 (right to buy) Non-Qualified Stock Option $5.5600 03/05/02 M 6,250 11/07/10 (right to buy) Non-Qualified Stock Option $6.1100 07/10/11 (right to buy) Non-Qualified Stock Option $6.1100 12/14/11 (right to buy) Incentive Stock Option (right $0.9400 03/05/02 M 6,250 03/05/09 to buy) Incentive Stock Option (right $1.1300 03/05/02 M 6,250 10/16/08 to buy) Incentive Stock Option (right $1.1300 03/05/02 M 230 10/16/08 to buy) Incentive Stock Option (right $1.1300 03/05/02 M 648 10/16/08 to buy) Incentive Stock Option (right $1.1300 03/05/02 M 540 10/16/08 to buy) Incentive Stock Option (right $1.1300 03/05/02 M 675 10/16/08 to buy) Incentive Stock Option (right $1.1300 03/05/02 M 1,500 10/16/08 to buy) Incentive Stock Option (right $1.1300 03/05/02 M 675 10/16/08 to buy) Incentive Stock Option (right $1.1300 03/05/02 M 1,266 10/16/08 to buy) Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) - ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month - ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option 03/05/02 Common Stock 445 444 D Direct (right to buy) Non-Qualified Stock Option 03/05/02 Common Stock 3,750 7,500 D Direct (right to buy) Non-Qualified Stock Option 03/05/02 Common Stock 6,250 18,750 D Direct (right to buy) Non-Qualified Stock Option 03/05/02 Common Stock 6,250 18,750 D Direct (right to buy) Non-Qualified Stock Option Common Stock 25,000 25,000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 30,000 30,000 D Direct (right to buy) Incentive Stock Option (right 03/05/02 Common Stock 6,250 6,250 D Direct to buy) Incentive Stock Option (right 03/05/02 Common Stock 6,250 D Direct to buy) Incentive Stock Option (right 03/05/02 Common Stock 230 D Direct to buy) Incentive Stock Option (right 03/05/02 Common Stock 648 D Direct to buy) Incentive Stock Option (right 03/05/02 Common Stock 540 D Direct to buy) Incentive Stock Option (right 03/05/02 Common Stock 675 D Direct to buy) Incentive Stock Option (right 03/05/02 Common Stock 1,500 D Direct to buy) Incentive Stock Option (right 03/05/02 Common Stock 675 D Direct to buy) Incentive Stock Option (right 03/05/02 Common Stock 1,266 11,783 D Direct to buy)Explanation of Responses: SIGNATURE OF REPORTING PERSON /S/ By: Jennifer M. Grigsby For: Michael A. Johnson DATE 04/03/02