Sec Form 4 Filing - Lambertz Shelly @ CONTINENTAL RESOURCES, INC - 2022-02-10

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Lambertz Shelly
2. Issuer Name and Ticker or Trading Symbol
CONTINENTAL RESOURCES, INC [ CLR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Member of 10% owner group (5)
(Last) (First) (Middle)
PO BOX 268836, 20 N. BROADWAY
3. Date of Earliest Transaction (MM/DD/YY)
02/10/2022
(Street)
OKLAHOMA CITY, OK73126
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/10/2022 J V 13,912,204 D 28,426,702( 2 ) I Held through trusts
Common Stock 140,513( 3 ) D
Common Stock 1,888( 4 ) I Held by child
Common Stock 2,300 I Held by spouse
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lambertz Shelly
PO BOX 268836
20 N. BROADWAY
OKLAHOMA CITY, OK73126
X Member of 10% owner group (5)
Signatures
/s/ Richard E. Green, Attorney-in-Fact 02/14/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares were conveyed to the Harold G. Hamm Trust in repayment of a note having an original principal amount of $700 million, plus accrued interest thereon (the "Note Repayment"), that was issued in 2015 by the 2015 Shelly Glenn Lambertz Trust II, of which the Reporting Person serves as co-trustee, in exchange for units in the Harold Hamm Family LLC.
( 2 )Pursuant to that certain Dividend and Dissolution Agreement, dated February 7, 2022, by and among the members of Harold Hamm Family LLC, all the shares of Common Stock owned by Harold Hamm Family LLC were distributed by way of a pro rata dividend to its members, including (i) 83,658 shares of Common Stock to the Shelly Glenn Lambertz Succession Trust, (ii) 5,380,561 shares of Common Stock to the 2015 Shelly Glenn Lambertz Trust I and (iii) as adjusted for the Note Repayment, 22,962,483 shares of Common Stock to the 2015 Shelly Glenn Lambertz Trust II. The Reporting Person indirectly beneficially owns the distributed shares through her capacity as trustee or co-trustee of the aforementioned trusts.
( 3 )Includes 3,253 shares of restricted Common Stock which vest on February 15, 2022; 27,865 shares of restricted Common Stock which vest on February 15, 2023; 46,532 shares of restricted Common Stock which vest on February 15, 2024; and 36,772 shares of restricted Common Stock which vest on February 15, 2025.
( 4 )The Reporting Person manages 1,888 shares of Common Stock held in a custodial account as custodian for her son, Zachary Richard Lambertz.

Remarks:
5. The Reporting Person is a member of a "group" for purposes of Section 13(d) of the Exchange Act.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.