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Cabot Oil Director Exercises Options



By AP
02 April 2008 @ 11:37 am EST

WASHINGTON - A director of oil and gas explorer Cabot Oil & Gas Corp. exercised options for 15,000 shares of common stock, according to a Securities and Exchange Commission filing.

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In two Form 4 documents filed Tuesday with the SEC, William P. Vititoe reported he exercised the options Monday for $8.25 apiece and then sold all 15,000 shares on the same day for $50.20 to $50.99 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.

Cabot Oil is based in Houston.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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