SEC FORM 4

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

OLIVIER LORRIE T

(Last)

(First)

(Middle)

397 N. SAM HOUSTON PWKY E

SUITE 300

(Street)

HOUSTON

77060

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TRANSMERIDIAN EXPLORATION INC [ TMY ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CHAIRMAN/CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2007

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/28/2007		X		1,000,000	D	$2⁽¹⁾	10,099,572	I	The Olivier Family Interests Ltd

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Put Option (Right to Sell)	⁽¹⁾	03/05/2007⁽¹⁾		J⁽¹⁾		1,000,000⁽¹⁾		03/05/2007⁽¹⁾	03/05/2010	Common Stock	1,000,000	⁽¹⁾	1,000,000	I	The Olivier Family Interests Ltd
Put Option (Right to Sell)	⁽¹⁾	06/28/2007⁽²⁾		X			1,000,000	03/05/2007⁽¹⁾	03/05/2010	Common Stock	1,000,000	⁽¹⁾	0⁽²⁾	I	The Olivier Family Interests Ltd

Explanation of Responses:

1. On March 5, 2007, The Olivier Family Interests Ltd. ("OFI") borrowed on a non-recourse basis the principal sum of $2,000,000 (the "Loan") from a non-affiliated lender (the "Lender"). The original maturity date of the Loan was March 5, 2010. As collateral for the Loan, the Trust pledged to the Lender 1,000,000 shares of Common Stock. The Loan and pledge provided that if OFI failed to repay the Loan at maturity, or if an event of default on the Loan occurred at an earlier date, the Lender had the right to foreclose upon and sell the pledged shares to satisfy the unpaid balance of the amount owed; however, OFI would not generally be liable for any deficiency if the pledged shares, or proceeds from the sale thereof, were not sufficient to satisfy in full all amounts owed. Prior to the occurrence of an event of default, OFI retained voting power over the pledged shares and the right to receive any dividends or distributions.

2. On June 28, 2007, OFI received notice from the Lender that as a result of an uncured default on the Loan, the Lender had foreclosed on the pledged shares.

	/s/ Lorrie T. Olivier	07/17/2007
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.