SEC Form 4 · accession 0000904548-19-000002

DISH Network CORP · DISH

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

Charles W Ergen

Officer — Chairman · Director · 10% Owner

Cantey Ergen

Director · 10% Owner

Period of report

Mar 11, 2019

Accepted (ET)

Mar 13, 2019 · 5:17 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001001082

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock	holding	—	—	—	696,070	D
Class A Common Stock^F1	holding	—	—	—	19,827	I	I
Class A Common Stock^F2	holding	—	—	—	235	I	I
Class A Common Stock^F3	holding	—	—	—	2,266	I	I
Class A Common Stock^F4	holding	—	—	—	8,955	I	I
Class A Common Stock^F5	holding	—	—	—	6,465	I	I
Class A Common Stock^F6	holding	—	—	—	2,167,705	I	I
Class A Common Stock^F7	holding	—	—	—	67,000	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 Stock^F9,F8	—	Mar 11, 2019	G	22,036,245	D	—	—	Class A Common Stock	22,036,245	13,963,755	I
Class B Common Stock^F8	—	Mar 11, 2019	G	22,036,245	A	—	—	Class A Common Stock	22,036,245	52,273,757	D
Class B Common Stock^F10,F8	—	holding	—	—	—	—	—	Class A Common Stock	10,803,337	10,803,337	I
Class B Common Stock^F11,F8	—	holding	—	—	—	—	—	Class A Common Stock	50,000,000	50,000,000	I
Class B Common Stock^F12,F8	—	holding	—	—	—	—	—	Class A Common Stock	32,000,000	32,000,000	I
Class B Common Stock^F13,F8	—	holding	—	—	—	—	—	Class A Common Stock	15,603,739	15,603,739	I
Class B Common Stock^F7,F8	—	holding	—	—	—	—	—	Class A Common Stock	63,790,620	63,790,620	I

Explanation of responses

F1Held by Mr. Charles W. Ergen in a 401(k) account.
F10The Ergen Two-Year 2017 DISH GRAT holds 10,803,337 Class B shares and is scheduled to expire in accordance with its terms on November 30, 2019. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F11The Ergen Two-Year November 2018 DISH GRAT holds 50,000,000 Class B shares and is scheduled to expire in accordance with its terms on November 30, 2020. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F12The Ergen Two-Year May 2018 DISH GRAT holds 32,000,000 Class B shares and is scheduled to expire in accordance with its terms on May 9, 2020. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F13The Ergen Three-Year 2017 DISH GRAT holds 15,603,739 Class B shares and is scheduled to expire in accordance with its terms on May 30, 2020. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
F2Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.
F3Held by Mrs. Cantey M. Ergen in a 401(k) account.
F4The 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.
F5The shares are owned beneficially by a trust for which Mrs. Cantey M. Ergen holds a durable power of attorney for the beneficiary. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
F6The shares are held by a charitable foundation. The reporting persons are officers of the charitable foundation and share voting and dispositive power for the foundation. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
F7The shares are held by Telluray Holdings, LLC ("Telluray Holdings"). Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings. Mrs. Ergen, as a manager of Tellurary Holdings, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
F8The 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.
F9Pursuant to the terms of the Ergen Two-Year March 2018 DISH GRAT (the "Two-Year March 2018 GRAT"), 22,036,245 Class B shares were distributed as an annuity to Mr. Ergen on March 11, 2019. Following this distribution, the Two-Year March 2018 GRAT retained 13,963,755 Class B shares. The Two-Year March 2018 GRAT is scheduled to expire in accordance with its terms on March 9, 2020. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.