SEC Form 4 · accession 0001659652-16-000002
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ergen Three Year 2015 DISH GRAT
10% Owner
Period of report
Nov 30, 2016
Accepted (ET)
Dec 2, 2016 · 4:56 pm EST
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 StockF2,F1 | — | Nov 30, 2016 | G | 9,948,839 | D | — | — | Class A Common Stock | 9,948,839 | 22,051,161 | D |
Explanation of responses
- F1On November 30, 2015, Charles W. Ergen established a Grantor Retained Annuity Trust ("GRAT"), the Ergen Three-Year 2015 DISH GRAT (the "2015 GRAT"), contributing 32,000,000 Class B shares to the 2015 GRAT. The 2015 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.
- F2Pursuant to the terms of the 2015 GRAT, 9,948,839 Class B shares were distributed as an annuity to Mr. Ergen on November 30, 2016, with the 2015 GRAT retaining 22,051,161 Class B shares. The 2015 GRAT will expire in accordance with its terms on November 30, 2018.