Ergen Two-Year March 2018 DISH GRAT 4
4 · DISH Network CORP · Filed Mar 13, 2019
Insider Transaction Report
Form 4
Ergen Two-Year March 2018 DISH GRAT
10% Owner
Transactions
- Gift
Class B Common Stock
2019-03-11−22,036,245→ 13,963,755 total→ Class A Common Stock (22,036,245 underlying)
Footnotes (2)
- [F1]On March 9, 2018, Mr. Charles W. Ergen established a Grantor Retained Annuity Trust ("GRAT"), the Ergen Two-Year March 2018 DISH GRAT (the "Two-Year March 2018 GRAT") and contibuted 36,000,000 Class B shares to the Two-Year March 2018 GRAT. The Two-Year March 2018 GRAT may elect to convert any or all of its Class B shares into an equal number of Class A shares at any time for no additional consideration. The Two-Year March 2018 GRAT is scheduled to expire in accordance with its terms on March 9, 2020. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
- [F2]Pursuant to the terms of the Two-Year March 2018 GRAT, 22,036,245 Class B shares were distributed as an annuity to Mr. Ergen on March 11, 2019. Following this distribution, the Two-Year March 2018 GRAT retained 13,963,755 Class B shares.