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
01/22/2003
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 |1/22/0|A (1| |7,500 |A |(1) |27,151 |D | |
|3 |) | | | | | | | |
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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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Stock Option (right to|$42.02 |1/22/|A | |2,300 |A |1/22/|1/21/|Common Stock|2,300 | |2,300 |D | |
buy) | |03 | | | | |04 |13 | | | | | | |
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Stock Option (right to|$42.02 |1/22/|A | |22,700 |A |1/22/|1/22/|Common Stock|22,700 | |22,700 |D | |
buy) | |03 | | | | |04 |13 | | | | | | |
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Performance Share Unit|1 for 1 |1/22/|A | |9,375 |A |(2) |(2) |Common Stock|9,375 |(2) |9,375 |D | |
s | |03 | | | | | | | | | | | | |
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Phantom Stock Units |1 for 1 |1/22/|A | |12,499 |A |(3) |(3) |Common Stock|12,499 |$31.72 |55,719 |D | |
| |03 | | | | | | | | | | | | |
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Explanation of Responses:
(1) These shares were awarded under the Burlington Resources Inc. (BR) 2002
Stock Incentive Plan, are subject to restriction on sale or transfer, are not
fully vested, and are subject to risk of
forfeiture on or before January 22,
2006.
(2) These units vested under the BR 1997 Performance Share Unit Plan. The
Compensation and Nominating Committee of BR's Board of Directors may, in its
discretion, vest units annually based on
the Company's achievement of its strategic, operating and financial objectives.
A cash pay-out of vested units occurred on January 22, 2003.
(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
L. David Hanower