Lambertz Shelly Form 4 CONTINENTAL RESOURCES / Shelly Lambertz ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Lambertz Shelly

(Last) (First) (Middle)

PO BOX 268836

20 N. BROADWAY

(Street)

OKLAHOMA CITY OK 73126

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2022

4. If Amendment, Date of 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

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	02/10/2022		J	V	13,912,204	D	(1)	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 (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 Securities Underlying Derivative Security (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: 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

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.

	/s/ Richard E. Green, Attorney-in-Fact	02/14/2022
	** Signature of Reporting Person	Date
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.
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