Statement of Changes in Beneficial Ownership (4)
January 04 2022 - 4:04PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
ERGEN CHARLES W |
2. Issuer Name and Ticker or Trading Symbol
DISH Network CORP
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DISH
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CHAIRMAN |
(Last)
(First)
(Middle)
9601 S. MERIDIAN BLVD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/1/2022 |
(Street)
ENGLEWOOD, CO 80112
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 1/1/2022 | | M(1) | | 1179 | A | (1) | 11301373 | D | |
Class A Common Stock | 1/1/2022 | | F(2) | | 404 | D | $32.44 | 11300969 | D | |
Class A Common Stock | | | | | | | | 21324 | I | I (3) |
Class A Common Stock | | | | | | | | 2658 | I | I (4) |
Class A Common Stock | | | | | | | | 10957 | I | I (5) |
Class A Common Stock | | | | | | | | 2168975 | I | I (6) |
Class A Common Stock | | | | | | | | 15390835 | I | I (7) |
Class A Common Stock | | | | | | | | 6699489 | I | I (8) |
Class A Common Stock | | | | | | | | 353 | I | I (9) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (1) | 1/1/2022 | | M (10) | | | 1179 | (10) | 1/1/2024 | Class A Common Stock | 1179 | $0 | 2356 | D | |
Explanation of Responses: |
(1) | Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer, which will be issued to the Reporting Person immediately upon vesting. |
(2) | Represents shares withheld to cover certain tax obligations in connection with the vested restricted stock units listed in Table II. |
(3) | Held by Mr. Charles W. Ergen in a 401(k) account. |
(4) | Held by Mrs. Cantey M. Ergen in a 401(k) account. |
(5) | The shares are owned beneficially by the reporting person's child. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein. |
(6) | The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation and shares voting and dispositive power for the foundation. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein. |
(7) | The Ergen Two-Year March 2020 DISH GRAT holds 15,390,835 Class A shares and is scheduled to expire in accordance with its terms on March 16, 2022. Mrs. Cantey M. Ergen serves as the trustee of such GRAT. |
(8) | The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares held by Telluray Holdings, LLC. The reporting person disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest therein. |
(9) | Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse. |
(10) | The RSUs vest in three equal annual installments, commencing upon January 1, 2022. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
ERGEN CHARLES W 9601 S. MERIDIAN BLVD. ENGLEWOOD, CO 80112 | X | X | CHAIRMAN |
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Signatures
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/s/ Charles W. Ergen by Brandon Ehrhart, Attorney-in-Fact | | 1/4/2022 |
**Signature of Reporting Person | Date |
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