UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Hanower, L. David
Burlington Resources Inc.
5051 Westheimer, Suite 1400
Houston, TX 77056
USA
2. Issuer Name and Ticker or Trading Symbol
Burlington Resources Inc.
BR
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
01/18/2003
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Sr. Vice President, Law & Administration
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock |1/18/0|D | |5,000 (1) |D |(1) |19,651 |D | |
|3 | | | | | | | | |
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Common Stock | | | | | | |1,008 (2) |I |401 (k) Plan |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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Phantom Stock Units |1 for 1 |1/18/|A | |5,000 |A |(3) |(3) |Common Stock|5,000 |$41.96 |43,220 |D | |
| |03 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) On the vesting date, the reporting person forfeited 5,000 shares of
restricted stock previously reported as beneficially owned for receipt of
Phantom Stock Units under the Company's deferred
compensation
plans.
(2) This number indicates an increase of 71 shares in the BR Inc. Retirement
Savings Plan (401 (k) Plan) between October 31, 2002 and December 31, 2002.
The Plan uses unit accounting to track
fund
balances.
(3) These Phantom Stock Units were acquired under the Company's deferred
compensation plans and are to be settled in cash upon retirement or other
termination from the Company.
SIGNATURE OF REPORTING PERSON
/s/ L. David Hanower
DATE
01/22/2003