SEC Form 4 · accession 0001659652-16-000004
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
Nov 30, 2016
Accepted (ET)
Dec 2, 2016 · 5:07 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 | Nov 30, 2016 | G | 2,400 | $0.00 | D | 498,785 | D | |
| Class A Common StockF1 | Nov 30, 2016 | G | 480 | $0.00 | A | 8,425 | 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 | — | Nov 30, 2016 | G | 9,948,839 | D | — | — | Class A Common Stock | 9,948,839 | 22,051,161 | I |
| Class B Common StockF6 | — | Nov 30, 2016 | G | 9,948,839 | A | — | — | Class A Common Stock | 9,948,839 | 165,487,107 | D |
| Class B Common StockF8,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 17,106,320 | 17,106,320 | I |
Explanation of responses
- F1The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim benficial ownership of the shares, except to the extent of their pecuniary interest therein.
- F2Held by Mrs. Cantey M. Ergen.
- F3Held by Mr. Charles W. Ergen in a 401(k) account.
- F4Held by Mrs. Cantey M. Ergen in a 401(k) account.
- F5The shares are held by a charitable foundation. The reporting persons are officers of the charitable foundation and share investment control and voting power for the foundation. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
- F6The holders 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.
- F7Purusant to the terms of the Ergen Three-Year 2015 DISH GRAT, 9,948,839 Class B shares were distributed as an annuity to Mr. Ergen on November 30, 2016, with the Ergen Three-Year 2015 DISH GRAT retaining 22,051,161 Class B shares. The Ergen Three-Year 2015 DISH GRAT will expire in accordance with its terms on November 30, 2018.
- F8The Ergen Three-Year 2014 DISH GRAT holds 17,106,320 Class B shares and will expire in accordance with its terms on May 30, 2017.