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 OF SECURITIES 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 * ALBI JOSEPH R   2. Issuer Name and Ticker or Trading Symbol CIMAREX ENERGY CO [XEC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice President (Last) (First) (Middle) 1700 LINCOLN STREET, SUITE 1800 3. Date of Earliest Transaction (Month/Day/Year) 05/09/2008 (Street) DENVER, CO 80203-4518 4. If Amendment, Date Original Filed(Month/Day/Year) 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 05/09/2008   M   27,000 A $ 16.65 163,959 (1) D   Common Stock 05/09/2008   F   14,999 D $ 67.79 148,960 (1) D   Common Stock 05/14/2008   S   6,000 D $ 69.25 142,960 (1) D   Common Stock               5,244 I By 401(k) Common Stock               800 I By IRA

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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

Stock Options (Right to buy)

$ 16.65

05/09/2008

M

27,000

(2)

12/06/2012

Common Stock

27,000

$ 16.65

55,800

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ALBI JOSEPH R 1700 LINCOLN STREET, SUITE 1800 DENVER, CO 80203-4518			Executive Vice President

Signatures

Paul Korus, attorney-in-fact		05/14/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(2)	The option vested in full on December 6, 2007. The option holder is required to retain 50% of the profit shares received upon exercise until December 6, 2010.
(1)	Includes 7,460 shares of restricted stock that may not be sold until December 6, 2010, 30,000 shares of restricted stock that vest on January 3, 2009 and are subject to certain performance criteria, 30,000 shares of restricted stock that vest on January 2, 2010 and are subject to certain performance criteria, 30,000 shares that vest on January 2, 2011 and are subject to certain performance criteria and 45,500 stock units that vested on December 6, 2007 but are not exchangeable into common stock and may not be sold until December 6, 2010.

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