SEC Form 4 · accession 0000904548-19-000004
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ergen Two-Year March 2018 DISH GRAT
10% Owner
Period of report
Mar 11, 2019
Accepted (ET)
Mar 13, 2019 · 5:24 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 | — | Mar 11, 2019 | G | 22,036,245 | D | — | — | Class A Common Stock | 22,036,245 | 13,963,755 | D |
Explanation of responses
- F1On March 9, 2018, Mr. Charles W. Ergen established a Grantor Retained Annuity Trust ("GRAT"), the Ergen Two-Year March 2018 DISH GRAT (the "Two-Year March 2018 GRAT") and contibuted 36,000,000 Class B shares to the Two-Year March 2018 GRAT. The Two-Year March 2018 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 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.
- F2Pursuant to the terms of 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.