4//SEC Filing
WILLIAMS CLAYTON W 4
Accession 0001104659-06-083417
CIK 0000880115other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 8:08 AM ET
Size
10.6 KB
Accession
0001104659-06-083417
Insider Transaction Report
Form 4
WILLIAMS CLAYTON W
DirectorChairman and CEO10% Owner
Transactions
- Other
Common Stock, $.10 par value
2006-12-20$36.20/sh+30,661$1,109,928→ 1,373,433 total(indirect: See) - Other
Common Stock, $.10 par value
2006-12-20−3,066,128→ 1,342,772 total(indirect: See)
Holdings
- 1,725,019
Common Stock, $.10 par value
Footnotes (5)
- [F1]These shares are owned by The Williams Children's Partnership, Ltd. ("WCPL"), a family limited partnership of which CWPLCO, Inc. ("CWPLCO") was previously the sole general partner. CWPLCO is the wholly owned subsidiary of Clajon Holding Corporation ("Clajon Holding") and the Reporting Person is the beneficial owner of Clajon Holding. WCPL acquired the shares of the Issuer's common stock on December 20, 2006 after the liquidation, dissolution and termination of Clayton Williams Partnership, Ltd. ("CWPL") of which WCPL was the sole limited partner and CWPLCO was the sole general partner. Upon the liquidation, dissolution and termination of CWPL, CWPL distributed 1,022,043 shares of the Issuer's common stock to CWPLCO (which shares CWPLCO now owns directly and the Reporting Person owns indirectly), and 3,066,128 shares of the Issuer's common stock to WCPL.
- [F2]The Reporting Person previously reported beneficial ownership of all 4,088,171 shares of the Issuer's common stock held by CWPL as the beneficial owner of the beneficial owner of the sole general partner of CWPL. On December 20, 2006, CWPLCO withdrew as general partner of WCPL and pursuant to the Agreement of Limited Partnership of WCPL, dated as of March 31, 1995, CWPLCO's general partner interest in WCPL was automatically converted into a limited partner interest in WCPL. Because CWPLCO is no longer a general partner of WCPL, it is no longer a beneficial owner of the shares of the Issuer's common stock held by WCPL.
- [F3]Immediately upon the conversion of CWPLCO's general partner interest in CWPL into a limited partner interest of CWPL as described in Note 1 and 2, WCPL redeemed CWPLCO's limited partner interest in WCPL in exchange for 30,661 shares of the Issuer's common stock, cash and other assets.
- [F4]These shares are held by CWPLCO, a wholly owned subsidiary of Clajon Holding. The Reporting Person is the beneficial owner of Clajon Holding. Remaining indirect ownership held as follows: Modesta Williams, as separate property (11,044 shares), a trust of which Mrs. Williams is trustee (588 shares), son, Clay Wade Williams (10,440 shares), son, Jeff Williams (12,500 shares), daughter, Chicora Modesta Williams (11,671 shares), Trusts for Clayton Wade Williams, Jeff Williams and Chicora Modesta Williams, of which Mr. Williams is Trustee (49,179 shares), a trust in which Mr. Williams is beneficiary and Mrs. Williams is trustee (5,749 shares), by wife, Modesta Williams as custodian for grandchildren under UGTMA (7,421 shares). This amount also includes 17,353 shares held in the Company's 401(k) Plan and Trust (a required distribution of 768 shares has been made from Mr. Williams' 401(k) account).
- [F5]Amount presented includes the right to acquire 950,000 shares through the exercise of stock options.
Documents
Issuer
CLAYTON WILLIAMS ENERGY INC /DE
CIK 0000880115
Entity typeother
Related Parties
1- filerCIK 0000908287
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 8:08 AM ET
- Size
- 10.6 KB