Sec Form 4 Filing - REESBY PATRICK C @ CLAYTON WILLIAMS ENERGY INC /DE - 2012-01-17

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
REESBY PATRICK C
2. Issuer Name and Ticker or Trading Symbol
CLAYTON WILLIAMS ENERGY INC /DE [ CWEI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Vice President
(Last) (First) (Middle)
700 ROCKMEAD, SUITE 159
3. Date of Earliest Transaction (MM/DD/YY)
01/17/2012
(Street)
HOUSTON, TX77339
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.10 par value 01/17/2012 S 200 D $ 75.96 3,894 D
Common Stock, $.10 par value 01/17/2012 S 100 D $ 75.97 3,794 D
Common Stock, $.10 par value 01/17/2012 S 894 D $ 76.01 2,900 D
Common Stock, $.10 par value 01/17/2012 S 498 D $ 76.18 2,402 D
Common Stock, $.10 par value 01/17/2012 S 200 D $ 76.19 2,202 D
Common Stock, $.10 par value 01/17/2012 S 102 D $ 76.2 2,100 D
Common Stock, $.10 par value 01/17/2012 S 100 D $ 76.265 2,000 D
Common Stock, $.10 par value 01/17/2012 I 5,766 D $ 75.975 5,779 I See footnote ( 1 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
REESBY PATRICK C
700 ROCKMEAD, SUITE 159
HOUSTON, TX77339
Vice President
Signatures
/s/ Patrick C. Reesby by Mel G. Riggs as attorney-in-fact 01/19/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares are held in the Company's 401(k) Plan (the "Plan"). On January 17, 2012, Mr. Reesby disposed of 5766 shares of Common Stock through the voluntary transfer of investment funds within the Plan. In addition, Mr. Reesby acquired 369 shares through involuntary pre-tax deferrals and matching contributions made by the Company subsequent to the date of the previous Form 4 filed by Mr. Reesby on June 17, 2011

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