SEC Form 4 · accession 0001706325-18-000002
DISH Network CORP · DISH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey L McSchooler
Officer — EVP, Engineering and Broadcast
Period of report
Mar 29, 2018
Accepted (ET)
Apr 2, 2018 · 5:59 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 StockF1,F2,F3 | Mar 29, 2018 | M | 1,040 | — | A | 1,314 | D | |
| Class A Common StockF4,F3 | Mar 29, 2018 | F | 301 | $37.89 | D | 1,013 | D | |
| Class A Common StockF5 | holding | — | — | — | 5,302 | 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 UnitsF2,F1 | — | Mar 29, 2018 | M | 1,040 | D | — | Apr 1, 2027 | Class A Common Stock | 1,040 | 3,120 | D |
| Employee Stock Option (Right to Buy)F6 | $37.89 | Apr 1, 2018 | A | 10,000 | A | — | Apr 1, 2028 | Class A Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1The shares underlying the restricted stock units vest at the rate of 20% per year, commencing on April 1, 2017.
- F2Each restricted stock unit converts into one share of stock upon vesting, which is issued to the reporting person immediately upon vesting.
- F3Includes shares acquired 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).
- F6The shares underlying the options vest at the rate at 20% per year, commencing on April 1, 2019.