SEC Form 4 · accession 0000904548-17-000004
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
Apr 24, 2017
Accepted (ET)
Apr 26, 2017 · 4:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001415404
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $56.95 | Apr 24, 2017 | D | 600,000 | D | — | Apr 1, 2027 | Class A Common Stock | 600,000 | 500,000 | D |
Explanation of responses
- F1On April 1, 2017, the issuer granted to Mr. Ergen an option to purchase 1.1 million shares of Class A common stock as disclosed in the Form 4 filed by Mr. Ergen on April 4, 2017. Mr. Ergen has forfeited a portion of this option pro-rata across all vesting tranches.
- F2The 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.