SEC Form 4 · accession 0000904548-17-000002

EchoStar CORP · ECHO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Charles W Ergen

Officer — Chairman · Director · 10% Owner

Period of report

Feb 28, 2017

Accepted (ET)

Apr 4, 2017 · 4:03 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001415404

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Hughes Retail Preferred Tracking Stock^F1	Feb 28, 2017	J	6,290,499	$0.00	D	0	I	By DISH Network L.L.C.
Class A Common Stock	holding	—	—		—	700,678	D
Class A Common Stock^F2	holding	—	—		—	6,122	I	By child
Class A Common Stock	holding	—	—		—	47	I	By Spouse
Class A Common Stock	holding	—	—		—	3,705	I	By 401(k)
Class A Common Stock	holding	—	—		—	201	I	By Spouse's 401(k)
Class A Common Stock^F3	holding	—	—		—	5,400	I	By Charitable Foundation

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)^F4	$56.95	Apr 1, 2017	A	1,100,000	A	—	Apr 1, 2027	Class A Common Stock	1,100,000	1,100,000	D

Explanation of responses

F1On February 28, 2017, the issuer and DISH Network Corporation ("DISH") and their respective subsidiaries consummated a transaction pursuant to which the issuer and its subsidiary received all the shares of the Hughes Retail Preferred Tracking Stock (the "Tracking Stock") owned by DISH and its subsidiary in exchange for 100% of the equity interests of two former subsidiaries of the issuer that held portions of the issuer's EchoStar Technologies businesses. The Tracking Stock was then retired. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3The 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 his pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F4The shares underlying the option vest at the rate of 20% per year, commencing on April 1, 2018, if Mr. Ergen is Chairman of the Board of Directors of the issuer on each vesting date.