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Clayton Williams Energy Director sells shares

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April 25, 2008

NEW YORK—A director of oil and gas company Clayton Williams Energy Inc. sold 2,500 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Thursday, Davis L. Ford reported he sold the shares Wednesday for $61.46 to $62.11 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.

Clayton Williams is based in Midland, Texas.

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