SEC Form 4 · accession 0001404430-16-000012
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Charles W Ergen
Officer — Chairman and CEO · Director · 10% Owner
Cantey Ergen
Director · 10% Owner
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 5:29 pm EDT
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 | holding | — | — | — | 501,185 | D | ||
| Class A Common StockF1 | holding | — | — | — | 15,890 | I | I | |
| Class A Common StockF2 | holding | — | — | — | 235 | I | I | |
| Class A Common StockF3 | holding | — | — | — | 19,674 | I | I | |
| Class A Common StockF4 | holding | — | — | — | 2,114 | I | I | |
| Class A Common StockF5 | holding | — | — | — | 2,167,705 | 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 StockF6,F7 | — | May 31, 2016 | G | 20,876,417 | D | — | — | Class A Common Stock | 20,876,417 | 17,106,320 | I |
| Class B Common StockF6 | — | May 31, 2016 | G | 20,876,417 | A | — | — | Class A Common Stock | 20,876,417 | 155,538,268 | D |
| Class B Common StockF8,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 32,000,000 | 32,000,000 | I |
Explanation of responses
- F1The shares are owned beneficially by two of Mr. Ergen's children. The reporting person disclaims beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
- F2Held by Mrs. Cantey Ergen.
- F3Held by Mr. Charles Ergen in a 401(k) account.
- F4Held by Mrs. Cantey Ergen in a 401(k) account.
- F5The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation and has both investment control and voting power for the foundation. The reporting person disclaims beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
- F6The holder of the shares of Class B stock 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.
- F7Pursuant to the terms of the Ergen Three-Year 2014 DISH GRAT, 20,876,417 shares were distributed as an annuity to Mr. Ergen on May 31, 2016, with the Ergen Three-Year 2014 DISH GRAT retaining 17,106,320 Class B shares. The Ergen Three-Year 2014 DISH GRAT expires in accordance with its terms on May 30, 2017.
- F8The Ergen Three-Year 2015 DISH GRAT holds 32,000,000 Class B shares and expires in accordance with its terms on November 30, 2018.