SEC Form 4 · accession 0000904548-18-000019
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ergen Three-Year 2017 DISH GRAT
10% Owner
Period of report
May 30, 2018
Accepted (ET)
Jun 1, 2018 · 5:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001082
Table I — non-derivative securities
No Table I lines on this filing.
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 StockF1,F2 | — | May 30, 2018 | G | 24,396,261 | D | — | — | Class A Common Stock | 24,396,261 | 15,603,739 | D |
Explanation of responses
- F1On May 30, 2017, Mr. Charles W. Ergen established a Grantor Retained Annuity Trust ("GRAT"), the Ergen Three-Year May 2017 DISH GRAT (the "Three-Year 2017 GRAT") and contributed 40,000,000 Class B shares to the Three-Year 2017 GRAT. The Three-Year 2017 GRAT may elect to convert any or all of its Class B shares into an equal number of Class A shares at any time for no additional consideration. The Three-Year 2017 GRAT is scheduled to expire in accordance with its terms on May 30, 2020. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
- F2Pursuant to the terms of the Three-Year 2017 GRAT, 24,396,261 Class B Shares were distributed as an annuity to Mr. Ergen on May 30, 2018. Following this distribution, the Three-Year 2017 GRAT retained 15,603,739 Class B Shares.