SEC Form 4 · accession 0001090537-15-000002
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Defranco
Officer — Executive Vice President · Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 4:41 pm EST
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 Stock | Feb 23, 2015 | M | 50,000 | $6.32 | A | 1,183,529 | D | |
| Class A Common Stock | Feb 23, 2015 | S | 50,000 | $79.40 | D | 1,133,529 | D | |
| Class A Common StockF2 | holding | — | — | — | 1,250,000 | I | I | |
| Class A Common StockF3 | holding | — | — | — | 1,905,059 | I | I | |
| Class A Common StockF4 | holding | — | — | — | 50,000 | I | I | |
| Class A Common StockF5 | holding | — | — | — | 12,160 | I | I | |
| Class A Common StockF6 | holding | — | — | — | 19,549 | I | I |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F7 | $6.32 | Feb 23, 2015 | M | 50,000 | D | — | Mar 31, 2017 | Class A Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10B5-1 trading plan.
- F2The shares are held by the reporting person as a general partner of a limited partnership.
- F3The shares are held by the reporting person as a general partner of a different limited partnership.
- F4The shares are held by the reporting person in an irrevocable trust for the benefit of the reporting person's children and grandchildren. The reporting person disclaims beneficial ownership of the shares.
- F5The shares are being held by the reporting person as custodian for his children.
- F6By 401(k).
- F7The grant is subject to achievement of certain performance criteria prior to December 31, 2015 and will vest based on achievement of such criteria. The performance criteria are not tied to the market price of the Issuer's securities.