Daniel Belhumeur - Jul 1, 2021 Form 4 Insider Report for TELLURIAN INC. /DE/ (TELL)

Signature
/s/ Daniel Belhumeur
Stock symbol
TELL
Transactions as of
Jul 1, 2021
Transactions value $
-$19,539
Form type
4
Date filed
7/6/2021, 06:00 PM
Previous filing
Jun 3, 2021
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TELL Common Stock Options Exercise +14.1K +1.06% 1.34M Jul 6, 2021 Direct F1
transaction TELL Common Stock Tax liability -$19.5K -4.19K -0.31% $4.66 1.34M Jul 6, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TELL Restricted Stock Units Options Exercise $0 -17.2K -50% $0.00 17.2K Jul 1, 2021 Common Stock 17.2K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As reported in the Reporting Person's Form 4 filed on August 6, 2020, each restricted stock unit represents a contingent right to receive on or within thirty days after vesting one share of common stock of Tellurian Inc. ("Tellurian" or the "Issuer"), cash of equal value, or a combination of both.
F2 On August 4, 2020, the Reporting Person was granted 206,611 restricted stock units which, subject to the Reporting Person's continued employment or other service to Tellurian and its subsidiaries through the applicable vesting dates, vest as follows: 17,217 units on each of September 1, 2020, October 1, 2020, November 1, 2020, December 1, 2020, and January 1, 2021 and 17,218 units on each of February 1, 2021, March 1, 2021, April 1, 2021, May 1, 2021, June 1, 2021, July 1, 2021, and August 1, 2021.
F3 Subject to certain exceptions set forth in the Reporting Person's restricted stock unit agreement pursuant to the Amended and Restated Tellurian Inc. 2016 Omnibus Incentive Compensation Plan (as amended and restated from time to time, the "2016 Tellurian Plan"), if the Reporting Person experiences a Termination of Service (as defined in the 2016 Tellurian Plan) for any reason, then the Reporting Person must forfeit to the Issuer, without compensation, any restricted stock units that are unvested as of the date of such Termination of Service; provided, however, that in the event the Reporting Person experiences a Termination of Service due to his death or Disability (as defined in the 2016 Tellurian Plan) or by the Issuer without Cause (as defined in the Reporting Person's restricted stock unit agreement),
F4 (Continued from footnote 3) all restricted stock units that are unvested as of the date of such Termination of Service must remain outstanding and be subject to vesting as if the Reporting Person has not experienced a Termination of Service, subject to certain conditions set forth in the Reporting Person's restricted stock unit agreement.