Washington, D.C. 20549

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

(Date of Event Which Requires Filing of this Statement)

 

 

CUSIP No.		80007P 307

Schedule 13D					Page 2 of 6 Pages

     This Amendment No. 7 (this “Seventh Amendment”) to Schedule 13D is filed by Tom L. Ward (the “Reporting Person”) with respect to the Reporting Person’s beneficial ownership of shares of common stock, par value $0.001 per share (the “Common Stock”), of SandRidge Energy, Inc., a Delaware corporation (the “Issuer”). This Seventh Amendment amends the initial statement on Schedule 13D filed by the Reporting Person on November 19, 2007, as amended by Amendment No. 1 to Schedule 13D filed by the Reporting Person on March 14, 2008, Amendment No. 2 to Schedule 13D filed by the Reporting Person on June 17, 2008, Amendment No. 3 to Schedule 13D filed by the Reporting Person on August 7, 2008, Amendment No. 4 to Schedule 13D filed by the Reporting Person on January 7, 2009, Amendment No. 5 to Schedule 13D filed by the Reporting Person on May 7, 2009, and Amendment No. 6 to Schedule 13D filed by the Reporting Person on December 8, 2009 (collectively, the “Prior 13D”). Unless otherwise indicated, all capitalized terms used but not defined herein shall have the same meaning ascribed to them in the Prior 13D. Except as indicated herein, the information set forth in the Prior 13D remains unchanged.

Item 1. Security and Issuer

     The information set forth in the Prior 13D with respect to this Item has not changed as of the date of this Seventh Amendment.

Item 2. Identity and Background

     The information set forth in the Prior 13D with respect to this Item has not changed as of the date of this Seventh Amendment.

Item 3. Source and Amount of Funds or Other Consideration

     The information set forth in the Prior 13D with respect to this Item has not changed as of the date of this Seventh Amendment.

Item 4. Purpose of Transaction

     The information set forth in the Prior 13D with respect to this Item has not changed as of the date of this Seventh Amendment.

Item 5. Interest in Securities of the Issuer

     The information contained in paragraphs (a) and (b) of Item 5 of the Prior 13D is hereby amended and restated, and information responsive to paragraph (c) of this Item 5 is included, as follows:

     (a) As of the date of this Seventh Amendment, the Reporting Person is the beneficial owner of 21,115,768 shares of Common Stock, which consist of: (i) 18,364,356 shares of Common Stock owned directly by the Reporting Person in brokerage and security accounts; (ii) 2,635,417 shares of unvested restricted Common Stock that will not vest within 60 days from the date of this Seventh Amendment, but for which the Reporting Person has voting power pursuant to the Issuer’s incentive compensation plan governing such restricted Common Stock; (iii) 79,000 shares of Common Stock held in an IRA for the benefit of the Reporting Person;

Schedule 13D		Page 3 of 6 Pages

(iv) 5,795 shares of Common Stock held in a 401(k) plan account for the benefit of the Reporting Person; and (v) 31,200 shares of Common Stock held by Solon L. Bloomer Family Partners Limited Partnership II (“Bloomer Family Partners”), for which the Reporting Person exercises shared voting and dispositive power, which together constitute 5.2% of the outstanding shares of Common Stock. The beneficial ownership percentage of the Reporting Person is calculated based on 405,104,814 shares of Common Stock outstanding as of July 30, 2010, based on information included in the Issuer’s Quarterly Report on Form 10-Q filed on August 9, 2010.

     In addition to the shares of Common Stock beneficially owned by the Reporting Person described above, the Reporting Person (i) is a beneficiary of an Executive Nonqualified Excess Plan maintained by the Issuer with a current balance of 57,988 shares of Common Stock, for which the Reporting Person has no voting power and no dispositive power exercisable within 60 days of the date of this Seventh Amendment, and (ii) owns 716,619 shares of unvested restricted Common Stock that will not vest within 60 days from the date of this Seventh Amendment and for which the Reporting Person will not hold voting power until vested pursuant to the Issuer’s incentive compensation plan governing such restricted Common Stock.

     The restricted Common Stock owned by the Reporting Person vests in equal 25% increments annually on the anniversary date of each grant date pursuant to the following vesting schedule:

										Shares
										Vesting and
						Shares				to be
		Shares of				Vested and				Delivered to								Voting
Restricted		Restricted				Previously				Reporting								Power over
Common		Common				Delivered to				Person				Remaining				Remaining
Stock		Stock				Reporting				Within				Unvested				Unvested
Grant Date		Granted				Person				60 Days				Shares				Shares
01/10/2007			300,000				225,000				0				75,000			No
07/11/2007			325,000				243,750				0				81,250			No
01/11/2008			234,375				117,188				0				117,187			No
07/11/2008			136,364				68,182				0				68,182			No
01/09/2009			500,000				125,000				0				375,000			No
07/10/2009			625,000				156,250				0				468,750			Yes
01/08/2010			812,500				0				0				812,500			Yes
07/09/2010			1,354,167				0				0				1,354,167			Yes
Total			4,287,406				935,370	(1)			0				3,352,036

     It is anticipated that the Reporting Person will receive additional contributions to his Executive Nonqualified Excess Plan account, grants of restricted Common Stock and/or other

Schedule 13D		Page 4 of 6 Pages

equity grants in the future so long as he remains employed by the Issuer. New grants of restricted Common Stock may provide the Reporting Person with voting power over such restricted Common Stock prior to vesting under the terms of the Issuer’s incentive compensation plans.

     (b) As of the date of this Seventh Amendment, the Reporting Person has (i) sole voting power with respect to 21,084,568 shares of Common Stock, consisting of all shares of Common Stock beneficially owned by the Reporting Person excluding 31,200 shares of Common Stock held by Bloomer Family Partners, for which the Reporting Person shares voting power with Ronnie D. Ward, the Reporting Person’s brother (“Co-General Partner”), as a co-general partner, and (ii) sole dispositive power with respect to 11,776,553 shares of Common Stock, consisting of all shares of Common Stock beneficially owned by the Reporting Person excluding (A) 2,635,417 shares of unvested restricted Common Stock that will not vest within 60 days from the date of this Seventh Amendment, for which the Reporting Person has voting power but no dispositive power prior to vesting, (B) 31,200 shares of Common Stock held by Bloomer Family Partners, for which the Reporting Person shares dispositive power with the Co-General Partner, and (C) 6,672,598 shares of Common Stock that may be acquired by the Kaiser-Francis Charitable Income Trust-C (“CIT”) upon the exercise of a warrant granted to CIT by the Reporting Person, as more fully described under Item 6 of the Prior 13D. Information relevant to each of the Co-General Partner and CIT is set forth below.

Co-General Partner

     Ronnie D. Ward’s business address is Chesapeake Energy Corporation, 6100 North Western Avenue, Oklahoma City, Oklahoma 73118. He is the Vice-President — Land, Northern Division of Chesapeake Energy Corporation. To the knowledge of the Reporting Person, Mr. Ward has not been convicted in a criminal proceeding during the last five years (excluding traffic violations or similar misdemeanors), nor has he been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction during the last five years. He is a citizen of the United States of America.

CIT

     Kaiser-Francis Charitable Income Trust-C is a charitable income trust established by George B. Kaiser under Oklahoma law. The principal beneficiaries of CIT are The Tulsa Community Foundation and The George Kaiser Family Foundation. Its principal office and place of business is located at 124 E. 4th Street, Tulsa, Oklahoma 74103. To the knowledge of the Reporting Person, CIT has not been convicted in a criminal proceeding during the last five years (excluding traffic violations or similar misdemeanors), nor has it been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction during the last five years.

     (c) On October 6, 2010, the Reporting Person and TLW Properties, L.L.C., an entity controlled by the Reporting Person, sold 5,363,246 and 636,754 shares of Common Stock, respectively, in the open market at a price of $5.86 per share pursuant to Rule 144 promulgated under the Securities Act of 1933, as amended.

Schedule 13D		Page 5 of 6 Pages

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

     The information set forth in the Prior 13D with respect to this Item has not changed as of the date of this Seventh Amendment.

Item 7. Material to Be Filed as Exhibits

     The information set forth in the Prior 13D with respect to this Item has not changed as of the date of this Seventh Amendment.

Signature

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.

Schedule 13D		Page 6 of 6 Pages