SEC Form 4 · accession 0000904548-18-000015

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

May 30, 2018

Accepted (ET)

Jun 1, 2018 · 4:43 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001415404

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock	holding	—	—	—	700,678	D
Class A Common Stock^F1	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^F2	holding	—	—	—	5,400	I	By Charitable Foundation
Class A Common Shares^F3	holding	—	—	—	824	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 Stock^F4	—	May 30, 2018	G	2,709,042	A	—	—	Class A Common Stock	2,709,042	25,018,330	D
Class B Common Stock^F5,F4	—	May 30, 2018	G	2,709,042	D	—	—	Class A Common Shares	2,709,042	4,890,958	I
Class B Common Stock^F6,F4	—	holding	—	—	—	—	—	Class A Common Stock	8,000,000	8,000,000	I

Explanation of responses

F1The 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 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.
F3These shares are held by a trust for which Mr. Ergen's spouse, Cantey M. Ergen, has durable power of attorney for the beneficiary of the trust. 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 holder 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.
F5On May 30, 2017, the reporting person established the Ergen Three-Year 2017 SATS GRAT (the "2017 May GRAT") and contributed a total of 7,600,000 Class B shares to such trust. Pursuant to the terms of the 2017 May GRAT, 2,709,042 Class B shares were distributed as an annuity to Mr. Ergen on May 30, 2018, with the 2017 May GRAT retaining 4,890,958 Class B shares. The 2017 May GRAT is scheduled to expire in accordance with its terms on May 30, 2020.
F6On November 30, 2017, the reporting person established the Ergen Two-Year 2017 SATS GRAT and contributed a total of 8,000,000 Class B shares to such trust.