SC 13D/A

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

SOLE VOTING POWER:

18,844,018

SHARED VOTING POWER:

1,300,000

SOLE DISPOSITIVE POWER:

18,844,018

SHARED DISPOSITIVE POWER:

1,300,000

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

TELLURIAN INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

87968A104

(CUSIP Number)

Martin Houston

Tellurian Inc.

1201 Louisiana Street, Suite 3100

Houston, TX 77002

(832) 962-4000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

February 28, 2020

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 87968A104		Schedule 13D		Page 2 of 5


1		NAMES OF REPORTING PERSONS: Martin Houston
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐ (b) ☒
3		SEC USE ONLY:
4		SOURCE OF FUNDS (SEE INSTRUCTIONS): Not applicable
5		CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): ☐
6		CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America

¹	Includes 1,300,000 shares owned by Mr. Houston’s wife.


CUSIP No. 87968A104		Schedule 13D		Page 3 of 5

Introductory Note

This Amendment No. 4 to Schedule 13D (the “Fourth Amended Schedule 13D”) amends and supplements the Schedule 13D originally filed by Martin Houston on February 21, 2017, as amended by Amendment No. 1 to Schedule 13D filed by Martin Houston on June 9, 2017, Amendment No. 2 to Schedule 13D filed by Martin Houston on April 16, 2019 and Amendment No. 3 to Schedule 13D filed by Martin Houston on July 22, 2019 (the “Third Amended Schedule 13D”). Mr. Houston is filing this Fourth Amended Schedule 13D to report the forced sale by a lender of shares of common stock, $0.01 par value per share (“Common Stock”), of Tellurian Inc., a Delaware corporation (the “Issuer”), held by Mr. Houston to satisfy certain loan requirements. Except as expressly set forth herein, there have been no changes in the information set forth in the Third Amended Schedule 13D.

Item 5.

Interest in Securities of the Issuer.

(a)

Shares owned:

(i)

Amount beneficially owned: 20,144,018

(ii)

Percent of class: 8.25%²

(b)

Number of shares as to which Mr. Houston has:

(i)

Sole power to vote or direct to vote: 18,844,018

(ii)

Shared power to vote or direct to vote: 1,300,000

(iii)

Sole power to dispose or to direct the disposition of: 18,844,018

(iv)

Shared power to dispose or to direct the disposition of: 1,300,000

(c)

Below is a list of transactions with respect to shares of Common Stock that were effected by Mr. Houston during the past 60 days:


Date	Type			Price			Shares
02/28/2020		Sale	(1)	$	2.01	(2)		3,420,000

(1)

The reported transaction was an involuntary sale effected by a lender to satisfy certain loan requirements.

(2)

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.59 to $2.48, inclusive. Mr. Houston undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in Footnote 2 of Item 5(c) of this Fourth Amended Schedule 13D.

(d)

Except for the pledgee referenced in Item 6, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares being reported on this Fourth Amended Schedule 13D.

(e)

Not applicable.

²	This percent of class figure is based on 244,301,126 shares of Common Stock outstanding as of February 14, 2020, as reported in the Issuer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019.


CUSIP No. 87968A104		Schedule 13D		Page 4 of 5

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to the Securities of the Issuer.

On February 28, 2020, an involuntary sale of 3,420,000 shares of Common Stock held by Mr. Houston was effected by a lender to satisfy certain loan requirements in connection with the pledge of 7,000,000 shares to secure the line of credit disclosed in Item 6 of Amendment No. 1 to Schedule 13D filed by Mr. Houston on June 9, 2017.

As of the date hereof, Mr. Houston’s shares of Common Stock are no longer pledged.


CUSIP No. 87968A104		Schedule 13D		Page 5 of 5

Signatures

After reasonable inquiry and to the best knowledge and belief of the undersigned, such person certifies that the information set forth in this Statement with respect to such person is true, complete and correct.