SEC Form 4 · accession 0000904548-18-000036
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Centennial Fiduciary Management LLC
10% Owner
Period of report
Jul 19, 2018
Accepted (ET)
Jul 23, 2018 · 7:23 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 StockF2,F3 | Jul 19, 2018 | J | 67,000 | $0.00 | D | 55,185 | 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 StockF2,F3,F4 | — | Jul 19, 2018 | J | 33,790,620 | D | — | — | Class A Common Stock | 33,790,620 | 0 | I |
Explanation of responses
- F1On July 19, 2018, certain trusts established by Mr. Charles W. 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, LLC ("Telluray Holdings") in exchange for membership units in Telluray Holdings.
- F2The shares are owned beneficially by Centennial Fiduciary Management LLC solely by virtue of its position as trustee of certain trusts established by Mr. Ergen for the benefit of his family, as described in the Schedule 13D filed by the reporting person on July 20, 2018.
- F3The reporting person disclaims beneficial ownership of the shares, except to the extent of its pecuniary interest therein.
- F4The holder 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.