SEC Form 4 · accession 0001234890-17-000004
EchoStar CORP · ECHO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pradman P Kaul
Officer — President-Hughes Comm. Inc · Director
Period of report
May 19, 2017
Accepted (ET)
May 23, 2017 · 4:18 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 |
|---|---|---|---|---|---|---|---|---|
| Class A Common Shares | May 19, 2017 | M | 4,999 | $43.94 | A | 4,999 | D | |
| Class A Common Shares | May 19, 2017 | S | 4,999 | $57.75 | D | 0 | D | |
| Class A Common Shares | May 22, 2017 | M | 10,000 | $43.94 | A | 10,000 | D | |
| Class A Common SharesF2 | May 22, 2017 | S | 10,000 | $58.50 | D | 0 | D | |
| Class A Common Shares | holding | — | — | — | 421 | I | By 401(k) |
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)F3 | $43.94 | May 19, 2017 | M | 4,999 | D | — | Apr 1, 2026 | Class A Common Stock | 4,999 | 95,001 | D |
| Employee Stock Option (Right to Buy)F3 | $43.94 | May 22, 2017 | M | 10,000 | D | — | Apr 1, 2026 | Class A Common Stock | 10,000 | 85,001 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 17, 2017.
- F2The price reported is the weighted average price. The shares reported in this transaction were sold at prices ranging between $58.25 and $58.75. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the indicated range.
- F3The shares underlying the option vest at the rate of 20% per year, commencing on April 1, 2017, if the reporting person is either employed by the company or its subsidiaries or is a member of the board of directors of the company on each vesting date.