Mukherjee Samik 4
4 · TELLURIAN INC. /DE/ · Filed Oct 8, 2024
Insider Transaction Report
Form 4
Mukherjee Samik
See Remarks
Transactions
- Disposition to Issuer
Restricted Stock Units
2024-10-08−500,000→ 0 total→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit (each, an "RSU") represented a contingent right to receive one share of common stock of Tellurian Inc. ("Tellurian"), cash of equal value, or a combination of both.
- [F2]The RSUs would have vested as follows: (i) 166,666 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) 166,667 units upon the one-year anniversary of the FID Date, and (iii) 166,667 units upon the two-year anniversary of the FID Date. On October 8, 2024, pursuant to the Agreement and Plan of Merger dated as of July 21, 2024 (the "Merger Agreement") by and among Woodside Energy Holdings (NA) LLC ("Parent"), Woodside Energy (Transitory) Inc. ("Merger Sub"), and Tellurian, Merger Sub merged with and into Tellurian (the "Merger"), with Tellurian surviving the Merger as a direct, wholly-owned subsidiary of Parent. Pursuant to the Merger Agreement, these RSUs were canceled and converted into the right to receive $1.00 per share in cash per underlying share.