Insider overview: Williams Cos. Inc.
BY THOMSON FINANCIAL REPORTS
Monday, December 24, 2012
12/24/12 at 3:52 AM
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Donald R. Chappel, chief financial officer, Dec. 14 exercised options to purchase 175,266 shares at $4.16 each, market value $729,107. The same day, he sold 86,808 direct shares at $31.22 to $31.30 with a market value of $2,714,785.
Chappel has made four insider sell decisions with WMB stock in 2012, according to Thomson. Shares rose an average 1.6 percent the six months after seven sell decisions over five years.
Williams Cos. recently bought large stakes in Oklahoma City-based Access Midstream Partners LP and GP for $2.25 billion. The Tulsa firm's master limited partnership, Williams Partners also announced plans to spend about $380 million on the Blue Race Midstream joint-venture processing and gathering natural gas project in the Utica Shale.
Williams owns infrastructure assets and a 70-percent interest in Williams Partners.
Unit Corp.: John Glen Nikkel, director, on Dec. 17 sold 29,000 direct shares at $44.53 with a market value of $1,291,370. Nikkel holds nearly 90,000 shares in the Tulsa-based drilling rig contractor and oil and gas production firm.
Devon Corp.: J. Larry Nichols, officer & director, sold 958,038 direct shares Dec. 17 at $52.19 market value $50,000,004. Nichols, former CEO, still holds 1.26 million shares in the OKC oil-gas producer.
Nichols, co-founder of the firm with his father, Larry, more than 40 years ago, recently announced plans to retire as an employee of Devon Dec. 31. He will remain on the board as executive chairman.
BOK Financial Corp.: Charles Frederick Ball Jr., officer and director, Dec. 13-17 sold 2,138 indirect shares at $54.78- $54.99, market value $117,415. He's sold BOKF shares five times this year, according to Thomson.