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Hess executive vice president exercises options



By AP
01 July 2008 @ 05:28 pm EST

NEW YORK - An executive vice president of oil and gas company Hess Corp. exercised options for 42,000 shares of common stock, according to Securities and Exchange Commission filings Monday.

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HES 61.29 -10.96

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In Form 4's filed with the SEC, John J. O'Connor reported exercising the options on Friday for $29.96 apiece, and then selling the same number of shares on the same day for $126.06 to $127.21 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.

Hess is based in New York.

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 This material may not be published, broadcast, rewritten or redistributed.

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