Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Taylor Mill who wrote (568)	4/7/1997 3:13:00 PM
From: Buzz Mills	of 1017

Taylor, In regard to Insider selling by LP Latham and JP Riggs, I received this from Lajuanda Holder, CWEI's Director of Investor Relations: >>>>>Lajuanda Holder wrote: > > Hi! > > Sorry it took so long to get back with you. I was waiting on info from accounting regarding Paul's and Mel's ownership after the excerise. 1) Paul and Mel did each exercise 5,000 shares each under the Executive Stock Compensation Plan in February for the purposes of personal tax and estate planning. 2) Paul still owns 24,322 options and 3) Mel still owns 17,605 options. As you can see they did not sell everything they own by a long shot. Paul and Mel have each worked for Mr. Williams for more than 13 years and they expect to be with CWEI for a long time. They also expect that more options to be granted to them. Paul and Mel are still very excited about CWEI prospects for the future. > Sincerely, > > Lajuanda J. Holder > Director of Investor Relations Taylor, I wasn't able to reference the WSJ Insider Selling report you mentioned--does this agree with what you read??? Buzz Mills

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