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Chesapeake Energy director sells shares



By AP
16 June 2008 @ 03:56 pm EST

NEW YORK - A director at Chesapeake Energy Corp. sold 7,500 shares of common stock, according to a Securities and Exchange Commission filing Friday.

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In a Form 4 filed with the SEC, Frank A. Keating reported he sold the shares Wednesday for $59.99 to $60.08 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.

Chesapeake is based in Oklahoma City.

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 This material may not be published, broadcast, rewritten or redistributed.

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