El Paso Corporation (EP): El Paso CEO Buys Shares Friday March...

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Friday, 03/28/2008 8:43:42 PM

Friday, March 28, 2008 8:43:42 PM

El Paso CEO Buys Shares

Friday March 28

El Paso President and Chief Executive Douglas L. Foshee Buys 50,000 Shares

NEW YORK (AP) -- The president and chief executive of gas exploration and transportation company El Paso Corp. bought 50,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday.

In a Form 4 filed with the SEC, Douglas L. Foshee reported he bought the shares for $15.79 to $15.85 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

El Paso is based in Houston.

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