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Cimarex Energy director exercises options

By Associated Press

May 28, 2008

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A director of oil and gas company Cimarex Energy Co. exercised options for 15,000 shares of common stock, according to a Securities and Exchange Commission filing Tuesday.

In a Form 4 filed with the SEC, Paul D. Holleman reported he exercised the options Tuesday for $18.77 apiece and then sold all the shares the same day for $68.49 to $68.98 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.

Cimarex Energy is based in Denver.

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