X0202 4 2008-03-05 0 0000880115 CLAYTON WILLIAMS ENERGY INC /DE CWEI 0001329021 Clajon Holding CORP 6 DESTA DRIVE, SUITE 6500 MIDLAND TX 79705 0 0 1 0 Common Stock, $.10 par value 2008-03-05 4 P 0 300 37.80 A 1263118 I See Common Stock, $.10 par value 2008-03-05 4 P 0 108 37.82 A 1263226 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 37.91 A 1263326 I See Common Stock, $.10 par value 2008-03-05 4 P 0 292 37.93 A 1263618 I See Common Stock, $.10 par value 2008-03-05 4 P 0 500 37.96 A 1264118 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 37.99 A 1264218 I See Common Stock, $.10 par value 2008-03-05 4 P 0 200 38.00 A 1264418 I See Common Stock, $.10 par value 2008-03-05 4 P 0 400 38.02 A 1264818 I See Common Stock, $.10 par value 2008-03-05 4 P 0 200 38.04 A 1265018 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 38.05 A 1265118 I See Common Stock, $.10 par value 2008-03-05 4 P 0 200 38.06 A 1265318 I See Common Stock, $.10 par value 2008-03-05 4 P 0 300 38.07 A 1265618 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 38.08 A 1265718 I See Common Stock, $.10 par value 2008-03-05 4 P 0 200 38.09 A 1265918 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 38.10 A 1266018 I See Common Stock, $.10 par value 2008-03-05 4 P 0 500 38.11 A 1266518 I See Common Stock, $.10 par value 2008-03-05 4 P 0 200 38.12 A 1266718 I See Common Stock, $.10 par value 2008-03-05 4 P 0 200 38.17 A 1266918 I See Common Stock, $.10 par value 2008-03-05 4 P 0 700 38.22 A 1267618 I See Common Stock, $.10 par value 2008-03-05 4 P 0 107 38.3267 A 1267725 I See Common Stock, $.10 par value 2008-03-05 4 P 0 493 38.33 A 1268218 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 38.36 A 1268318 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 38.37 A 1268418 I See Common Stock, $.10 par value 2008-03-05 4 P 0 200 38.38 A 1268618 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 38.52 A 1268718 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 38.61 A 1268818 I See Common Stock, $.10 par value 2008-03-05 4 P 0 190 38.64 A 1269008 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 38.67 A 1269108 I See Common Stock, $.10 par value 2008-03-05 4 P 0 100 38.68 A 1269208 I See Common Stock, $.10 par value 2008-03-05 4 P 0 200 38.74 A 1269408 I See The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 Purchase Plan adopted by CW Stock Holdco, L.P. on February 14, 2008. The Reporting Person is the sole member of CW Stock Holdco, G.P., L.L.C., which is the general partner of CW Stock Holdco, L.P. These shares are held as follows: CW Stock Holdco, L. P. (27,345 shares) and CWPLCO, Inc. (1,247,488), a wholly owned subsidiary of the Reporting Person. The number of shares of the Issuer's Common Stock held by CW Stock Holdco, L.P. reflects all transactions included on Form 4 (one of two) and Form 4 (two of two) filed by the Reporting Person on the date hereof. Form 4 - 1 of 2 /s/ Clajon Holding Corporation by L. Paul Latham, Vice President 2008-03-07