0001104659-23-067672.txt : 20230602
0001104659-23-067672.hdr.sgml : 20230602
20230602181231
ACCESSION NUMBER: 0001104659-23-067672
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230601
FILED AS OF DATE: 20230602
DATE AS OF CHANGE: 20230602
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: OXLEY SIMON GEORGE
CENTRAL INDEX KEY: 0001978724
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05507
FILM NUMBER: 23990562
MAIL ADDRESS:
STREET 1: 1201 LOUISIANA STREET
STREET 2: SUITE 3100
CITY: HOUSTON
STATE: TX
ZIP: 77002
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TELLURIAN INC. /DE/
CENTRAL INDEX KEY: 0000061398
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 060842255
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1201 LOUISIANA STREET
STREET 2: SUITE 3100
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 832-962-4000
MAIL ADDRESS:
STREET 1: 1201 LOUISIANA STREET
STREET 2: SUITE 3100
CITY: HOUSTON
STATE: TX
ZIP: 77002
FORMER COMPANY:
FORMER CONFORMED NAME: MAGELLAN PETROLEUM CORP /DE/
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: MAGELLAN PETROLEUM CORP PANAMA
DATE OF NAME CHANGE: 19671130
4
1
tm2317499-2_4seq1.xml
OWNERSHIP DOCUMENT
X0407
4
2023-06-01
0
0000061398
TELLURIAN INC. /DE/
TELL
0001978724
OXLEY SIMON GEORGE
1201 LOUISIANA STREET, SUITE 3100
HOUSTON
TX
77002
0
1
0
0
CFO
0
Common Stock
2023-06-01
4
A
0
400000
0.00
A
400000
D
Common Stock
2023-06-01
4
F
0
55366
1.22
D
344634
D
Restricted Stock Units
2023-06-01
4
A
0
200000
0.00
A
Common Stock
200000
200000
D
This amount includes (a) 200,000 shares of common stock of Tellurian Inc. ("Tellurian") and (b) 200,000 shares of restricted stock of Tellurian that will vest upon the affirmative final investment decision by the board of directors of Tellurian with respect to the Driftwood LNG project (the "FID Date").
Each restricted stock unit represents a contingent right to receive one share of common stock of Tellurian, cash of equal value, or a combination of both. Pursuant to the Reporting Person's restricted stock unit agreement under the Tellurian Inc. Amended and Restated 2016 Omnibus Incentive Compensation Plan, each restricted stock unit must be settled no later than 30 days after the date of vesting.
The restricted stock units vest as follows: (i) 66,666 units upon the FID Date, (ii) 66,667 units upon the one-year anniversary of the FID Date, and (iii) 66,667 units upon the two-year anniversary of the FID Date.
In the event that, following the six-month anniversary of the Reporting Person's commencement of employment with Tellurian or its affiliates, the Reporting Person's employment is terminated due to the Reporting Person's death or disability, or by Tellurian without "Cause" (as defined in the restricted stock unit agreement), any unvested restricted stock units will remain outstanding and eligible to vest based on the original vesting schedule, provided that if the FID Date has not occurred as of the date of the Reporting Person's termination of employment and does not occur within one year following such termination, any unvested restricted stock units will be forfeited.
In addition, in the event that the Reporting Person's employment with Tellurian or its affiliates is terminated by Tellurian without Cause within one year following a "Change of Control" (as defined in the restricted stock unit agreement) that is not a "100% Change of Control" (as defined in the restricted stock unit agreement), all unvested restricted stock units will fully vest as of the date of such termination. Upon the occurrence of a 100% Change of Control, all outstanding and unvested restricted stock units will immediately vest in full as of the date of such 100% Change of Control.
/s/ Daniel Belhumeur under Power of Attorney by Simon George Oxley
2023-06-02