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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. __)*
TELLURIAN, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
879674109
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(CUSIP Number)
Steven Morse, Esq., Lester Morse P.C., 111 Great Neck Rd., Great Neck,
NY 11021 (516-487-1446)
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
July 1, 1997
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with the statement |_|. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act
("ACT") or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
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SCHEDULE 13D
Page 2 of 4
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CUSIP No. 879674109
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1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Stuart French
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable.
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
U.S.A.
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 199,261
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER
EACH | | Not applicable.
REPORTING | 9 | SOLE DISPOSITIVE POWER
PERSON WITH | | 199,261
| 10 | SHARED DISPOSITIVE POWER
| | Not applicable.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
199,261
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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Page 3 of 4
SCHEDULE 13D
CUSIP No. 879674109
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Item 1. Security and Issuer
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This statement relates to the shares of Common Stock, $.01 par value,
of Tellurian, Inc. (the "Issuer"). The Issuer's principal executive
office is located at 300K Route 17 South, Mahwah, NJ 07430.
Item 2. Identity and Background
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(a) Stuart French
(b) 300K Route 17 South
Mahwah, NJ 07430
(c) President of the Issuer
(d) Not applicable.
(e) Not applicable.
(f) U.S.A.
Item 3. Source and Amount of Funds or Other Consideration
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Not applicable.
Item 4. Purpose of Transactions
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Options granted in June 1996 which become exercisable on July
1, 1997.
(a) - (j) None.
Item 5. Interest in Securities of the Issuer
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(a) - (b) As of July1,1997, the Issuer has 3,025,000 shares
issued and outstanding. Based upon the foregoing, Stuart
French has the sole voting and dispositive power of 199,261
shares or 6.3% of the outstanding shares. The 199,261 shares
include 49,261 shares owned directly and 150,000 shares that
may be acquired from the issuer upon exercise of stock
options.
(c) - (e) Not applicable.
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Page 4 of 4
SCHEDULE 13D
CUSIP No. 879674109
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Item 6. Contracts, Arrangements, Understandings or Relationships
- ------ with Respect to the Securities of the Issuer
Not applicable.
Item 7. Materials to be filed as Exhibits
- ------
Not applicable.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: July 1, 1997
Reporting Person: Stuart French
Signature: /s/ Stuart French
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