SEC Form 4 · accession 0001279025-16-000009
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas A Cullen
Officer — EVP, Corporate Development
Period of report
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 5:48 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 StockF2 | Dec 15, 2016 | M | 120,000 | $26.85 | A | 124,811 | D | |
| Class A Common StockF3,F2 | Dec 15, 2016 | S | 120,000 | $58.85 | D | 4,811 | D | |
| Class A Common StockF4 | holding | — | — | — | 1,145 | 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)F5 | $26.85 | Dec 15, 2016 | M | 120,000 | D | — | Dec 31, 2016 | Class A Common Stock | 120,000 | 0 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a 10b5-1 trading plan.
- F2Includes shares acquired under the Company's Employee Stock Purchase Plan.
- F3Based on a weighted average sales price. The shares reported in this transaction were sold at prices ranging from $58.30 to $59.74. Information regarding the number of shares sold at each separate price will be made available upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.
- F4By 401(k).
- F5The shares underlying the options vest at the rate of 20% per year, commencing on December 31, 2007.