BUSINESS FEED

Insider overview: Devon Energy Corp.

By THOMSON FINANCIAL REPORTS on Jul 29, 2013, at 2:24 AM  Updated on 7/29/13 at 3:51 AM



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Theodore D. Crandall, chief financial officer, on Aug. 30, sold 29,850 direct shares at $97.24 a share for a total market value of $2,902,632.

William F. Whitsitt, officer, on July 18 sold 2,000 direct shares at $57 a share for a total market value of $114,000.

Devon last month announced that it plans to form a publicly traded master limited partnership that will own a minority stake in its U.S. midstream business

The company expects to file a registration statement with the U.S. Securities and Exchange Commission in the third quarter.

In June, it also was announced that Devon has qualified for up to $66.8 million in tax rebates through the state's Quality Jobs Program to create up to 989 new jobs over the next 10 years.

Orchids Paper Products Co.: Robert A. Snyder, CEO, sold 1,411 direct shares at $28 a share between July 22 and July 23 for a total market value of $39,508. During that same time, Snyder exercised an option for the same number of shares at $6.81 a share.

Keith R. Schroeder, chief financial officer, sold 7,071 direct shares at $28 a share between July 22 and July 23 for a total market value of $197,988. Within that same time, Schroeder exercised an option for 7,071 shares at $5.33 a share for a total market value of $37,688.

Douglas E. Hailey, director, between July 17-23 sold 29,841 direct shares at between $26.94 and $27.96 a share, market value $821,619.

JPMorgan Chase & Co.: Matthew E. Zames, chief operating officer, sold 3,412 direct shares on July 23 at $56.64 a share, for a total market value of $193,268.

Ashley Bacon, officer, on July 19 sold 16,693 direct shares at $56.44 a share for a total market value of $942,153.

Mary E. Erodes, officer, on July 19 sold 29,000 shares at $56.31 a share for a total market value of $1,633,100.

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Theodore D. Crandall, chief financial officer, on Aug. 30, sold 29,850 direct shares at $97.24 a share for a total market value of $2,902,632.

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