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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* RATTIE KEITH O (Last) (First) (Middle) 1050 17TH STREET, SUITE 500 (Street) DENVER CO 80265 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol QEP RESOURCES, INC. [ QEP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 12/13/2010
	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/13/2010		M		85,416	A	$9.29	381,872	D
Common Stock	12/13/2010		F		47,660	D	$37.91	334,212	D
Common Stock								2,542	I	IRA

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	$37.91	12/13/2010		A		18.0121		(1)	(1)	Common Stock	18.0121	$37.91	34,159.9341	D
Stock Option	$9.29	12/13/2010		M			85,416	08/01/2001	02/01/2011	Common Stock	85,416	$9.29	0	D
Phantom Stock Units	$0.00							(2)	(2)	Phantom Stock Units	26,404.981		26,404.981(3)	D
Stock Option	$9.49							08/13/2001	02/13/2011	Common Stock	200,000		200,000	D
Stock Option	$7.78							08/11/2002	02/11/2012	Common Stock	271,286		271,286	D
Stock Option	$9.19							08/11/2003	02/11/2013	Common Stock	300,000		300,000	D
Stock Option	$23.98							06/30/2010	03/05/2016	Common Stock	147,174		147,174	D
Stock Option	$27.84							06/30/2010	02/13/2015	Common Stock	80,000		80,000	D
Stock Option	$36.48							06/30/2010	02/12/2016	Common Stock	30,000		30,000	D
Stock Option	$26.14							06/30/2010	10/24/2012	Common Stock	200,000		200,000	D
Stock Option	$27.55							06/30/2010	03/05/2017	Common Stock	125,000		125,000	D

Explanation of Responses:

1. The restricted stock units vest in three equal annual installments beginning on July 1, 2011, subject to accelerated vesting upon the occurence of certain events as set forth in the award agreement.

2. Vested shares of phantom stock units will be payable in cash on the date of, or at a designated anniversary date following, the first to occur of the reporting person's (i) separation from service from QEP (subject to 6-month delay if necessary to comply with IRC 409A), (ii) death or (iii) disability, pursuant to the QEP Resources, Inc. Deferred Compensation Wrap Plan.

3. Adjusted to reflect a 401k supplement cash distribution on June 30, 2010 of Phantom Stock Units.

Remarks:

	Abigail L. Jones, Attorney in Fact	12/15/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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