|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||
|
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) |
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 | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) | 09/01/2020 | M | 17,217 | (2) | (3)(4) | Common Stock | 17,217 | $ 0 | 189,394 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Teague R Keith 1201 LOUISIANA STREET, SUITE 3100 HOUSTON, TX 77002 |
Executive Vice President & COO |
/s/ Daniel Belhumeur under Power of Attorney by R. Keith Teague | 09/03/2020 | |
**Signature of Reporting Person | Date |
* | 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) | As reported in the Reporting Person's Form 4 filed on August 6, 2020, each restricted stock unit represents a contingent right to receive on or within thirty days after vesting one share of common stock of Tellurian Inc. ("Tellurian" or the "Issuer"), cash of equal value, or a combination of both. If Tellurian settles the vested restricted stock units in shares of common stock, such issuance of common stock will be reported in a subsequent Form 4. |
(2) | On August 4, 2020, the Reporting Person was granted 206,611 restricted stock units which, subject to the Reporting Person's continued employment or other service to Tellurian and its subsidiaries through the applicable vesting dates, vest as follows: 17,217 units on each of September 1, 2020, October 1, 2020, November 1, 2020, December 1, 2020, and January 1, 2021 and 17,218 units on each of February 1, 2021, March 1, 2021, April 1, 2021, May 1, 2021, June 1, 2021, July 1, 2021, and August 1, 2021. |
(3) | Subject to certain exceptions set forth in the Reporting Person's restricted stock unit agreement pursuant to the Amended and Restated Tellurian Inc. 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) for any reason, then the Reporting Person must forfeit to the Issuer, without compensation, any restricted stock units that are unvested as of the date of such Termination of Service; provided, however, that in the event the Reporting Person experiences a Termination of Service due to his death or Disability (as defined in the 2016 Tellurian Plan) or by the Issuer without Cause (as defined in the Reporting Person's restricted stock unit agreement), |
(4) | (Continued from footnote 3) all restricted stock units that are unvested as of the date of such Termination of Service must remain outstanding and be subject to vesting as if the Reporting Person has not experienced a Termination of Service, subject to certain conditions set forth in the Reporting Person's restricted stock unit agreement. |