<SEC-DOCUMENT>0000895126-20-000187.txt : 20201223
<SEC-HEADER>0000895126-20-000187.hdr.sgml : 20201223
<ACCEPTANCE-DATETIME>20201223164048
ACCESSION NUMBER:		0000895126-20-000187
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200505
FILED AS OF DATE:		20201223
DATE AS OF CHANGE:		20201223

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WEBB JAMES R
		CENTRAL INDEX KEY:			0001560380

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13726
		FILM NUMBER:		201412852

	MAIL ADDRESS:	
		STREET 1:		6100 N. WESTERN AVE.
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73118

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHESAPEAKE ENERGY CORP
		CENTRAL INDEX KEY:			0000895126
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				731395733
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6100 N WESTERN AVE
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73118
		BUSINESS PHONE:		4058488000

	MAIL ADDRESS:	
		STREET 1:		6100 NORTH WESTERN AVE
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73118
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>wf-form4a_160875947677161.xml
<DESCRIPTION>FORM 4/A
<TEXT>
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    <periodOfReport>2020-05-05</periodOfReport>

    <dateOfOriginalSubmission>2020-12-17</dateOfOriginalSubmission>

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        <issuerName>CHESAPEAKE ENERGY CORP</issuerName>
        <issuerTradingSymbol>CHKAQ</issuerTradingSymbol>
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            <rptOwnerName>WEBB JAMES R</rptOwnerName>
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            <rptOwnerStreet2></rptOwnerStreet2>
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            <rptOwnerState>OK</rptOwnerState>
            <rptOwnerZipCode>73118</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP-Gen'l Counsel &amp; Corp. Sec.</officerTitle>
            <otherText></otherText>
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        <derivativeTransaction>
            <securityTitle>
                <value>Non-Qualified Stock Option (right to buy)</value>
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            <conversionOrExercisePrice>
                <value>4913.12</value>
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            <exerciseDate>
                <value>2015-01-10</value>
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            <underlyingSecurity>
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                    <value>0</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
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        <derivativeTransaction>
            <securityTitle>
                <value>Non-Qualified Stock Option (right to buy)</value>
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                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
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                <value>2020-05-05</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
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                <transactionShares>
                    <value>2777</value>
                    <footnoteId id="F3"/>
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                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2019-03-19</value>
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            <expirationDate>
                <value>2028-03-19</value>
            </expirationDate>
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                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                    <value>2777.0</value>
                    <footnoteId id="F4"/>
                </underlyingSecurityShares>
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                <sharesOwnedFollowingTransaction>
                    <value>0</value>
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                    <value>D</value>
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    </derivativeTable>

    <footnotes>
        <footnote id="F1">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.</footnote>
        <footnote id="F2">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.</footnote>
        <footnote id="F3">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.</footnote>
        <footnote id="F4">Reflects the forfeiture of 100% of the Reporting Person's outstanding non-qualified stock options.</footnote>
    </footnotes>

    <remarks>Amendment filed to correct &quot;Amount of Securities Beneficially Owned Following Reported Transactions&quot; in Table I.</remarks>

    <ownerSignature>
        <signatureName>J. David Hershberger For: JAMES R. WEBB</signatureName>
        <signatureDate>2020-12-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
