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CONOCOPHILLIPS Director's Dealing 2012

May 8, 2012

29844_dirs_2012-05-08_afdd9741-82bd-4b3f-8f64-423caa0bb97f.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CONOCOPHILLIPS (COP)
CIK: 0001163165
Period of Report: 2012-04-30

Reporting Person: Wallette Don E Jr. (Executive Vice President)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 13655 Direct
Common Stock 12838.149 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Phantom Stock $ Common Stock (69160) Direct
Phantom Stock $ Common Stock (711.448) Direct
Stock Option (Right to Buy) $23.5500 2012-10-22 Common Stock (12738) Direct
Stock Option (Right to Buy) $23.5500 2012-10-22 Common Stock (4662) Direct
Stock Option (Right to Buy) $24.3700 2013-02-10 Common Stock (8400) Direct
Stock Option (Right to Buy) $47.8300 2015-02-04 Common Stock (11200) Direct
Stock Option (Right to Buy) $59.0750 2016-02-10 Common Stock (7500) Direct
Stock Option (Right to Buy) $66.3700 2017-02-08 Common Stock (13400) Direct
Stock Option (Right to Buy) $79.3800 2018-02-14 Common Stock (13200) Direct
Stock Option (Right to Buy) $45.4700 2019-02-12 Common Stock (27700) Direct
Stock Option (Right to Buy) $48.3850 2020-02-12 Common Stock (28100) Direct
Stock Option (Right to Buy) $70.1250 2021-02-10 Common Stock (28300) Direct
Stock Option (Right to Buy) $71.8700 2022-02-09 Common Stock (32900) Direct

Footnotes

F1: The stock units will be forfeited if the reporting person separates from service prior to the end of an escrow period ending on the earliest to occur of the following: (a) termination of employment as a result of layoff; (b) termination of employment after attainment of age 55 with five years of service; (c) termination of employment due to death or total disability; or (d) termination of employment following a change in control. During the escrow period, the reporting person may not dispose of the stock units. The stock units will convert to common stock on the later of (a) the end of the escrow period or (b) the earlier of (i) death or (ii) six months after separation from service in which case the stock units will convert to common stock. The reporting person may also elect to defer conversion of stock units until a later date.

F2: The stock units convert to ConocoPhillips common stock on a 1-for-1 basis.

F3: The stock units do not have an expiration date.

F4: The shares of phantom stock were acquired under a Defined Contribution Makeup Plan providing for settlement upon termination of employment, subject to possible deferred payment in certain circumstances. The reporting of this transaction is not an acknowledgment that it is not an exempt transaction under an Excess Benefit Plan pursuant to Rule 16b-3(c).

F5: Vested in three equal annual installments beginning October 22, 2003.

F6: Vested in three equal annual installments beginning February 10, 2004.

F7: Vested in three equal annual installments beginning February 4, 2006.

F8: Vested in three equal annual installments beginning February 10, 2007.

F9: Vested in three equal annual installments beginning February 8, 2008.

F10: Vested in three equal annual installments beginning February 14, 2009.

F11: Vested in three equal annual installments beginning February 12, 2010.

F12: Vest in three equal annual installments beginning February 12, 2011.

F13: Vest in three equal annual installments beginning February 10, 2012.

F14: Vest in three equal annual installments beginning February 9, 2013.