COMSTOCK RESOURCES INC — Director's Dealing 2020

Aug 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMSTOCK RESOURCES INC (CRK)
CIK: 0000023194
Period of Report: 2020-08-19

Reporting Person: Porter Stuart D (Director, 10% Owner)
Reporting Person: Covey Park Holdings LLC (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-19	Common Stock	S	9842500	$5.60	Disposed	19036420	Indirect
2020-08-20	Common Stock	D	45920	—	Disposed	18990500	Indirect

Footnotes

F1: Jordan Tatum Marye ("Marye") received an award of 22,686 shares of restricted stock on August 22, 2019, which would vest in full on August 22, 2020, and 23,234 shares of restricted stock on June 3, 2020, which would vest in full on June 3, 2021. Marye served on the Board of Directors of the Issuer as a nominee of Covey Park Holdings LLC ("Holdings"), a stockholder of the Issuer. Marye agreed to transfer to Holdings any director compensation received from the Issuer, including awards made pursuant to grants of restricted stock. These shares were forfeited in connection with his resignation from the Board of Directors of the Issuer.

F2: These shares are owned directly by Holdings. Holdings is managed by a board of managers, a majority of which is appointed by Covey Park Investment Holdings LLC ("Investment Holdings"). Any actions taken by Investment Holdings must be unanimously approved by its members, DCPF VI Oil and Gas Coinvestment Fund LP ("Co-Invest"), Denham Commodity Partners Fund VI LP ("Fund VI") and Covey Park VI-A Intermediate LP ("Intermediate").

F3: Co-Invest is managed by its general partner, DCPF VI GP O&G LP ("DCPF GP LP"), which is managed by its general partner, DCPF VI GP O&G LLC ("DCPF GP LLC"). Each of Fund VI and Intermediate is managed by its general partner, Denham Commodity Partners GP VI LP ("GP VI LP"), which is managed by its general partner, Denham GP VI LLC ("GP VI LLC"). Each of GP VI LLC and DCPF GP LLC is controlled by Stuart D. Porter. Accordingly, each of Investment Holdings, Co-Invest, Fund VI, DCPF GP LP, GP VI LP, GP VI LLC, DCPF GP LLC and Stuart D. Porter may be deemed to be the beneficial owner of these shares; however, each disclaims beneficial ownership of such shares in excess of its pecuniary interest therein.