Tellurian (TELZ) Form 4 TELLURIAN / LANCE KIAN GRANMAYEH ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GRANMAYEH LANCE KIAN

(Last) (First) (Middle)

1201 LOUISIANA STREET, SUITE 3100

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TELLURIAN INC. /DE/ [ TELL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: 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)	01/06/2022		A		174,942		(2)	(3)(4)	Common Stock	174,942	$0.00	174,942	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of common stock of Tellurian Inc. ("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.

2. The restricted stock units vest as follows: (i) 58,314 units upon the affirmative final investment decision by the board of directors of Tellurian with respect to the Driftwood LNG project (the "FID Date"), (ii) 58,314 units upon the one-year anniversary of the FID Date, and (iii) 58,314 units upon the two-year anniversary of the FID Date.

3. In the event that the Reporting Person's employment with Tellurian or its affiliates 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.

4. In addition, in the event that the Reporting Person's employment with Tellurian or its affiliates is terminated by Tellurian without Cause or by the Reporting Person with "Good Reason" (as defined in the restricted stock unit agreement), in either case within one year following a "Change in Control" (as defined in the restricted stock unit agreement), all unvested restricted stock units will fully vest as of the date of such termination.

	/s/ Daniel Belhumeur under Power of Attorney by Lance Kian Granmayeh	01/11/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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