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Comstock Resources CEO exercises options

By Associated Press
May 23, 2008 | Comments (0)

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The chief executive and chairman of oil and gas producer Comstock Resources Inc. exercised options for 104,700 shares of common stock, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filed with the SEC, M. Jay Allison reported exercising the options on Wednesday for $9.20 apiece and then selling the same number of shares on the same day for $56.92 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Comstock Resources is based in Frisco, Texas.

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