0001209191-23-009891.txt : 20230215
0001209191-23-009891.hdr.sgml : 20230215
20230215191839
ACCESSION NUMBER: 0001209191-23-009891
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230213
FILED AS OF DATE: 20230215
DATE AS OF CHANGE: 20230215
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SOUKI CHARIF
CENTRAL INDEX KEY: 0001241054
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05507
FILM NUMBER: 23636779
MAIL ADDRESS:
STREET 1: 700 MILAM ST.
STREET 2: SUITE 800
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2023-02-13
0
0000061398
TELLURIAN INC. /DE/
TELL
0001241054
SOUKI CHARIF
1201 LOUISIANA AVENUE
SUITE 3100
HOUSTON
TX
77002
1
1
0
0
Executive Chairman
Common Stock
2023-02-13
4
S
0
1087027
1.78
D
20662761
D
Common Stock
2023-02-14
4
S
0
1301225
1.61
D
19361536
D
Common Stock
2023-02-15
4
S
0
1539695
1.51
D
17821841
D
The Reporting Person previously pledged 25,000,000 shares of common stock ("Pledged Shares") of Tellurian Inc. ("Tellurian") as part of a collateral package to secure a loan for certain real estate investments. The loan agreement, dated April 27, 2017, was entered into by the Reporting Person, as borrower, Wilmington Trust, National Association ("Wilmington"), as administrative agent, and various lenders (the "Loan Agreement"). On February 7, 2023, pursuant to the Loan Agreement and other loan documents, Wilmington exercised its right as administrative agent to become a substituted shareholder and caused the Pledged Shares to be transferred into its account.
Under one of the loan documents, Wilmington may dispose of the Pledged Shares at the time and in such manner that it determines in its sole and absolute discretion and provides that Wilmington and the lenders agree to use their commercially reasonable efforts to avoid any material disruption of the issuer's stock price during the sale process. Asserting the right to sell the Pledged Shares under the Loan Agreement and related documents, Wilmington and the lenders caused the Pledged Shares referenced in Table I to be sold. After giving effect to the sales reported in Table I, Wilmington holds for future sale 16,162,202 Pledged Shares.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.74 to $1.82, inclusive. The Reporting Person undertakes to provide to Tellurian, any security holder of Tellurian, 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 3 to this Form 4.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.55 to $1.68, inclusive. The Reporting Person undertakes to provide to Tellurian, any security holder of Tellurian, 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 4 to this Form 4.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.49 to $1.58, inclusive. The Reporting Person undertakes to provide to Tellurian, any security holder of Tellurian, 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 5 to this Form 4.
/s/ Charif Souki
2023-02-15