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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Rhoades Alan
2. Issuer Name and Ticker or Trading Symbol

DENBURY RESOURCES INC [ DNR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
VP & Chief Accounting Officer
(Last)          (First)          (Middle)

5320 LEGACY DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

3/31/2015
(Street)

PLANO, TX 75024
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   3/31/2015     F    2851   (1) D $7.29   146500   D    
Common Stock   3/31/2015     A    1052   (2) A $7.544   147552   D    
Common Stock   3/31/2015     A    5032   (3) A $7.29   152584   D    
Common Stock   3/31/2015     F    1377   (4) D $7.29   151207   D    
Common Stock   3/31/2015     A    2352   (5) A $7.29   153559   D    
Common Stock   3/31/2015     F    644   (6) D $7.29   152915   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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

Explanation of Responses:
( 1)  Reflects restricted shares surrendered to satisfy minimum tax withholding for restricted stock vested on March 31, 2015.
( 2)  Acquired under the Issuer's Employee Stock Purchase Plan and includes the Issuer's matching contribution.
( 3)  Performance shares granted on January 3, 2014 and vested on March 31, 2015.
( 4)  Reflects performance shares surrendered to satisfy minimum tax withholding for performance stock vested on March 31, 2015.
( 5)  Performance TSR shares granted on March 8, 2012 and vested on March 31, 2015.
( 6)  Reflects performance TSR shares surrendered to satisfy minimum tax withholding for performance stock vested on March 31, 2015.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Rhoades Alan
5320 LEGACY DRIVE
PLANO, TX 75024


VP & Chief Accounting Officer

Signatures
/s/ Sarah W. Braley, attorney-in-fact for Mr. Rhoades 4/2/2015
** Signature of Reporting Person Date


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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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