SEC Form 4 · accession 0000904548-17-000018
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Charles W Ergen
Officer — Chairman and CEO · Director · 10% Owner
Cantey Ergen
Director · 10% Owner
Period of report
Nov 30, 2017
Accepted (ET)
Dec 4, 2017 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001082
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Nov 30, 2017 | G | 2,315 | $0.00 | D | 596,470 | D | |
| Class A Common StockF1 | Nov 30, 2017 | G | 530 | $0.00 | A | 8,955 | I | I |
| Class A Common StockF2 | holding | — | — | — | 19,743 | I | I | |
| Class A Common StockF3 | holding | — | — | — | 235 | I | I | |
| Class A Common StockF4 | holding | — | — | — | 2,183 | I | I | |
| Class A Common StockF5 | holding | — | — | — | 2,167,705 | I | I |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF6,F7 | — | Nov 30, 2017 | G | 13,514,536 | D | — | — | Class A Common Stock | 13,514,536 | 8,536,625 | I |
| Class B Common StockF6 | — | Nov 30, 2017 | G | 13,514,536 | A | — | — | Class A Common Stock | 13,514,536 | 156,107,963 | D |
| Class B Common StockF6 | — | Nov 30, 2017 | G | 40,000,000 | D | — | — | Class A Common Stock | 40,000,000 | 116,107,963 | D |
| Class B Common StockF6,F8 | — | Nov 30, 2017 | G | 40,000,000 | A | — | — | Class A Common Stock | 40,000,000 | 40,000,000 | I |
| Class B Common StockF9,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 40,000,000 | 40,000,000 | I |
Explanation of responses
- F1The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
- F2Held by Mr. Charles W. Ergen in a 401(k) account.
- F3Held by Mrs. Cantey M. Ergen.
- F4Held by Mrs. Cantey M. Ergen in a 401(k) account.
- F5The shares are held by a charitable foundation. The reporting persons are officers of the charitable foundation and share investment control and voting power for the foundation. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
- F6The holders of Class B shares may elect to convert any or all of their Class B shares into an equal number of Class A shares at any time for no additional consideration.
- F7Pursuant to the terms of the Ergen Three-Year 2015 DISH GRAT, 13,514,536 Class B shares were distributed as an annuity to Mr. Ergen on November 30, 2017, with the Ergen Three-Year 2015 DISH GRAT retaining 8,536,625 Class B shares. The Ergen Three-Year 2015 DISH GRAT is scheduled to expire in accordance with its terms on November 30, 2018.
- F8On November 30, 2017, Mr. Charles W. Ergen established the Ergen Two-Year 2017 DISH GRAT and contributed 40,000,000 Class B shares, resulting in the transfer of a total of 40,000,000 Class B shares.
- F9The Ergen Three-Year 2017 DISH GRAT hold 40,000,000 Class B shares and is scheduled to expire in accordance with its terms on May 30, 2020.