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Noble Energy director exercises options



22 May 2008 @ 03:50 pm EST

NEW YORK (AP) - A director of oil and natural-gas company Noble Energy Inc. exercised options for 10,000 shares of common stock, according to Securities and Exchange Commission filings.

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In Form 4s filed with the SEC Wednesday, Michael A. Cawley reported he exercised the options Monday for $17.85 apiece and then sold 13,559 shares on the same day for $102.28 to $102.96 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.

Noble Energy 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 This material may not be published, broadcast, rewritten or redistributed.

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