Sec Form 5 Filing - Teague R Keith @ TELLURIAN INC. /DE/ - 2022-12-31

Insider filing report for Changes in Beneficial Ownership
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FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Teague R Keith
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)
Former EVP and COO
(Last) (First) (Middle)
1201 LOUISIANA STREET, SUITE 3100
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2022
(Street)
HOUSTON, TX77002
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 03/08/2022 G V 180,000 D $ 0 701,300 I By RKT 2020 GRAT ( 1 )
Common Stock 03/15/2022 G V 701,300 D $ 0 0 I By RKT 2020 GRAT ( 1 )
Common Stock 03/08/2022 G V 180,000 D $ 0 701,300 I By KAT 2020 GRAT ( 1 )
Common Stock 03/15/2022 G V 701,300 D $ 0 0 I By KAT 2020 GRAT ( 1 )
Common Stock 06/08/2022 G V 75,000 D $ 0 345,000 I By RKT 2021 GRAT ( 2 )
Common Stock 06/08/2022 G V 75,000 D $ 0 345,000 I By KAT 2021 GRAT ( 2 )
Common Stock 07/19/2022 G V 38,323 D $ 0 306,677 I By KAT 2021 GRAT ( 2 )
Common Stock 07/19/2022 G V 38,323 D $ 0 306,677 I By RKT 2021 GRAT ( 2 )
Common Stock 787,715 D ( 1 ) ( 2 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Teague R Keith
1201 LOUISIANA STREET, SUITE 3100
HOUSTON, TX77002
Former EVP and COO
Signatures
/s/ Daniel Belhumeur under Power of Attorney by R. Keith Teague 02/10/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )In March 2020, 1,301,300 shares of common stock of Tellurian Inc. ("Tellurian") were transferred to each of RKT 2020 GRAT and KAT 2020 GRAT (collectively, the "2020 GRATs"), grantor retained annuity trusts for the benefit of the two adult children of the Reporting Person and his spouse, from which 2020 GRATs 420,000 shares of Tellurian common have since been transferred to RKT 2021 GRAT and KAT 2021 GRAT. Upon termination of the 2020 GRATs in March 2022, 701,300 shares of Tellurian common stock from each 2020 GRAT were transferred to the Reporting Person's children or to trusts for the benefit of such children. The remaining 180,000 shares of Tellurian common stock from each 2020 GRAT was distributed to joint accounts of the Reporting Person and his spouse and are reported in this Form 5 as directly owned.
( 2 )On June 8, 2022, 75,000 shares of Tellurian common stock from each of RKT 2021 GRAT and KAT 2021 GRAT were distributed to joint accounts of the Reporting Person and his spouse and are reported in this Form 5 as directly owned. On July 19, 2022, 38,323 shares of Tellurian common stock from each of RKT 2021 GRAT and KAT 2021 GRAT were distributed to joint accounts of the Reporting Person and his spouse and are reported in this Form 5 as directly owned.

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