Statement of Changes in Beneficial Ownership (4)
March 03 2021 - 6:03PM
Edgar (US Regulatory)
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
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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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1. Name and Address of Reporting Person
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GRANMAYEH LANCE KIAN |
2. Issuer Name and Ticker or Trading Symbol
TELLURIAN INC. /DE/
[
TELL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CFO |
(Last)
(First)
(Middle)
1201 LOUISIANA STREET,, SUITE 3100 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/1/2021 |
(Street)
HOUSTON, TX 77002
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. 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 (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 3/3/2021 | | M | | 5365 | A | (1) | 41900 | D | |
Common Stock | 3/3/2021 | | F | | 1940 | D | $3.00 | 39960 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
Restricted Stock Units | (1) | 3/1/2021 | | M | | | 6543 | (2) | (3) | Common Stock | 6543 | $0.00 | 13086 | D | |
Explanation of Responses: |
(1) | As reported in the Reporting Person's Form 3 filed on March 12, 2020, each restricted stock unit represents a contingent right to receive one share of common stock of Tellurian Inc. ("Tellurian" or the "Issuer"), cash of equal value, or a combination of both. Pursuant to the Reporting Person's restricted stock unit agreement, each restricted stock unit must be settled no later than 30 days after the date of vesting. |
(2) | On March 6, 2020, the Reporting Person was granted 78,512 restricted stock units, vesting as follows: (i) 6,542 on each of June 1, 2020, July 1, 2020, August 1, 2020, and September 1, 2020 and (ii) 6,543 on each of October 1, 2020, November 1, 2020, December 1, 2020, January 1, 2021, February 1, 2021, March 1, 2021, April 1, 2021, and May 1, 2021. |
(3) | Subject to certain exceptions set forth in the Reporting Person's restricted stock unit agreement pursuant to the Tellurian Inc. Amended and Restated 2016 Omnibus Incentive Compensation Plan (as amended and restated from time to time, the "2016 Tellurian Plan"), if the Reporting Person experiences a Termination of Service (as defined in the 2016 Tellurian Plan) by the issuer without Cause (as defined in the 2016 Tellurian Plan), or due to his death or Disability (as defined in the 2016 Tellurian Plan), all unvested restricted stock units shall remain open and continue to vest as if the Reporting Person has not experienced a Termination of Service. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
GRANMAYEH LANCE KIAN 1201 LOUISIANA STREET, SUITE 3100 HOUSTON, TX 77002 |
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| CFO |
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Signatures
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/s/ Daniel Belhumeur under Power of Attorney by Lance Kian Granmayeh | | 3/3/2021 |
**Signature of Reporting Person | Date |
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