SEC Form 4 · accession 0001193818-15-000005
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph P Clayton
Officer — President and CEO · Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 4:53 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 StockF1,F2,F3 | Feb 23, 2015 | M | 125,000 | — | A | 244,334 | D | |
| Class A Common StockF4,F3 | Feb 23, 2015 | F | 59,726 | $78.31 | D | 184,608 | D | |
| Class A Common StockF5 | holding | — | — | — | 319 | I | I |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 23, 2015 | M | 125,000 | D | Feb 23, 2015 | Mar 31, 2015 | Class A Common Stock | 125,000 | 0 | D |
Explanation of responses
- F1Pursuant to the terms of the reporting person's restricted stock unit agreements, 125,000 restricted stock units vested on February 23, 2015.
- F2Each restricted stock unit converts into one share of stock upon vesting, which is issued to the reporting person immediately upon vesting.
- F3Includes shares aquired under the Company's Employee Stock Purchase Plan.
- F4Represents shares withheld to cover certain tax obligations in connection with the vested restricted stock units listed in Table II.
- F5By 401(K).