COMSTOCK RESOURCES INC — Director's Dealing 2015

Aug 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMSTOCK RESOURCES INC (CRK)
CIK: 0000023194
Period of Report: 2015-07-30

Reporting Person: WESTCOTT CARL H (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-30	Common Stock, par value $0.50 per share	P	15000	$1.4000	Acquired	2532757	Direct
2015-07-31	Common Stock, par value $0.50 per share	P	6200	$1.2741	Acquired	2538957	Direct
2015-08-03	Common Stock, par value $0.50 per share	S	20000	$1.2688	Disposed	2518957	Direct
2015-08-03	Common Stock, par value $0.50 per share	P	33000	$1.1275	Acquired	2551957	Direct
2015-08-03	Common Stock, par value $0.50 per share	P	10000	$1.1300	Acquired	1512556	Indirect
2015-08-03	Common Stock, par value $0.50 per share	S	1520	$1.1401	Disposed	1511036	Indirect
2015-08-04	Common Stock, par value $0.50 per share	P	117000	$1.1029	Acquired	2668957	Direct
2015-08-04	Common Stock, par value $0.50 per share	P	5000	$1.1400	Acquired	1516036	Indirect
2015-08-04	Common Stock, par value $0.50 per share	P	10000	$1.1400	Acquired	105000	Indirect
2015-08-05	Common Stock, par value $0.50 per share	P	948995	$1.3403	Acquired	3617952	Direct
2015-08-05	Common Stock, par value $0.50 per share	P	43964	$1.2615	Acquired	1560000	Indirect
2015-08-06	Common Stock, par value $0.50 per share	P	105700	$1.2503	Acquired	3723652	Direct
2015-08-07	Common Stock, par value $0.50 per share	P	26348	$1.7702	Acquired	3750000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.50 per share	25000	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.3599 to $1.4200, inclusive. The reporting person undertakes to provide to Comstock Resources, Inc. ("CRK"), any security holder of CRK, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2), (4), (5), (7), (8), (9), (10) and (11) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.2500 to $1.2799, inclusive.

F3: The reporting person's sales of the reported shares are matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 21,520 shares, with the reporting person's purchases of 1,000, 1,000 and 100 shares of CRK common stock at a price of $0.9900, $1.0800 and $1.0800 per share, respectively, on August 5, 2015, and 19,420 shares of CRK common stock at a price of $1.0900 on August 4, 2015. The reporting person has entered into an agreement to pay to CRK $3,762.1520, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.1500 to $1.3000, inclusive.

F5: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.1200 to $1.1300, inclusive.

F6: The number of shares beneficially owned by Carl H. Westcott includes shares of common stock held by family limited partnerships and his spouse. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F7: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.0900 to $1.1200, inclusive.

F8: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.9900 to $1.4700, inclusive.

F9: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.2400 to $1.2899, inclusive.

F10: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.2070 to $1.6521, inclusive.

F11: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.7700 to $1.7900, inclusive.