Edgar Filing: CONTINENTAL RESOURCES INC

Ownership Submission

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Luttrell Tom E

2. Issuer Name and Ticker or Trading Symbol
CONTINENTAL RESOURCES INC [CLR]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
V.P. Land

(Last)

(First)

(Middle)

P. O. BOX 1032, 302 N. INDEPENDENCE

3. Date of Earliest Transaction (Month/Day/Year)
11/08/2007

(Street)

ENID, OK 73702

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/08/2007		S		5,400	D	$ 22.4466	51,148 ⁽¹⁾	D
Common Stock	11/08/2007		S		400	D	$ 22.4566	50,748 ⁽¹⁾	D
Common Stock	11/08/2007		S		500	D	$ 22.4767	50,248 ⁽¹⁾	D
Common Stock	11/08/2007		S		500	D	$ 22.4667	49,748 ⁽¹⁾	D
Common Stock	11/08/2007		S		1,000	D	$ 22.4547	48,748 ⁽¹⁾	D
Common Stock	11/08/2007		S		1,900	D	$ 22.7567	46,848 ⁽¹⁾	D
Common Stock	11/08/2007		S		400	D	$ 22.7614	46,448 ⁽¹⁾	D
Common Stock	11/08/2007		S		200	D	$ 22.7666	46,248 ⁽¹⁾	D
Common Stock	11/08/2007		S		2,200	D	$ 22.9067	44,048 ⁽¹⁾	D
Common Stock	11/08/2007		S		900	D	$ 22.9166	43,148 ⁽¹⁾	D
Common Stock	11/08/2007		S		248	D	$ 22.8987	42,900 ⁽¹⁾	D
Common Stock	11/08/2007		S		1,500	D	$ 22.8966	41,400 ⁽¹⁾	D
Common Stock	11/08/2007		S		200	D	$ 22.8982	41,200 ⁽¹⁾	D
Common Stock	11/08/2007		S		1,200	D	$ 22.8866	40,000 ⁽¹⁾	D
Common Stock	11/08/2007		S		300	D	$ 22.8467	39,700 ⁽¹⁾	D
Common Stock	11/08/2007		S		3,082	D	$ 22.8466	36,618 ⁽¹⁾	D
Common Stock	11/08/2007		S		3,000	D	$ 22.8566	33,618 ⁽¹⁾	D
Common Stock	11/08/2007		S		1,600	D	$ 22.8666	32,018 ⁽¹⁾	D
Common Stock	11/08/2007		S		200	D	$ 22.8506	31,818 ⁽¹⁾	D
Common Stock	11/08/2007		S		2,318	D	$ 22.8366	29,500 ⁽¹⁾	D
Common Stock	11/08/2007		S		200	D	$ 22.9474	29,300 ⁽¹⁾	D
Common Stock	11/08/2007		S		400	D	$ 22.9466	28,900 ⁽¹⁾	D
Common Stock	11/08/2007		S		100	D	$ 22.9366	28,800 ⁽¹⁾	D
Common Stock	11/08/2007		S		100	D	$ 22.9266	28,700 ⁽¹⁾	D
Common Stock	11/08/2007		S		700	D	$ 22.8598	28,000 ⁽¹⁾	D
Common Stock	11/08/2007		S		200	D	$ 22.8314	27,800 ⁽¹⁾	D
Common Stock	11/08/2007		S		1,800	D	$ 22.8266	26,000 ⁽¹⁾	D
Common Stock	11/08/2007		S		200	D	$ 22.8298	25,800 ⁽¹⁾	D
Common Stock	11/08/2007		S		1,000	D	$ 22.8166	24,800 ⁽¹⁾	D
Common Stock	11/08/2007		S		200	D	$ 22.8198	24,600 ⁽¹⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Luttrell Tom E P. O. BOX 1032 302 N. INDEPENDENCE ENID, OK 73702			V.P. Land

Signatures

Tom E. Luttrell		11/09/2007
^**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).
(1)	Includes 20,000 shares of restricted common stock which vest 50% on each of October 5, 2009 and October 5, 2010.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.