SEC Form 3 · accession 0000904548-18-000030
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Telluray Holdings, LLC
10% Owner
Period of report
Jul 19, 2018
Accepted (ET)
Jul 23, 2018 · 7:00 pm EDT
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 StockF1 | holding | — | — | — | 67,000 | D |
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 | — | holding | — | — | — | — | — | Class A Common Stock | 63,790,620 | — | D |
Explanation of responses
- F1On July 19, 2018, Mr. Charles W. Ergen, for estate planning purposes, contributed 30,000,000 shares of Class B Common Stock to Telluray Holdings, LLC ("Telluray Holdings") in exchange for membership units in Telluray Holdings. Also on July 19, 2018, certain trusts established by Mr. Ergen for the benefit of his family contributed 33,790,620 shares of Class B Common Stock and 67,000 shares of Class A Common Stock to Telluray Holdings in exchange for membership units in Telluray Holdings. Mr. Ergen and his spouse, Mrs. Cantey M. Ergen, serve as managers of Telluray Holdings. Mrs. Ergen, as a manager of Telluray Holdings, has sole voting power over the shares of Class A Common Stock and Class B Common Stock held by Telluray Holdings and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, share dispositive power over the shares of Class A Common Stock and Class B Common Sock held by Telluray Holdings.
- F2Telluray Holdings may elect to convert any or all of its share of Class B Common Stock into an equal number of shares of Class A Common Stock at any time for no additional consideration.