SEC Form 4 · accession 0000061398-15-000035
TELLURIAN INC. /DE/ · TELL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antoine Jean Lafargue
Officer — SVP - CFO, Treas, Corp Sec.
Period of report
Oct 12, 2015
Accepted (ET)
Oct 14, 2015 · 8:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000061398
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Oct 12, 2015 | A | 62,500 | $0.00 | A | 80,822 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Award of restricted shares that are to vest, subject to continuing employment,immediately prior to a qualifying transaction, generally defined to include an acquisition of more than 50% of the voting power of the issuer or a disposition of more than 95% of the value of the gross assets of the issuer, before December 31, 2017.
- F2In addition to the award of restricted shares reported herein, the reporting person was also awarded contingent phantom stock on October 12, 2015, with payment contingent on completion of a qualifying transaction as discussed in note 1 above, and based on the value of the 62,500 notional shares of common stock.
- F3The previously reported amount of securities beneficially owned has been adjusted to reflect the one share-for-eight shares reverse split of the issuer's common stock on July 10, 2015.