Ergen Two-Year November 2018 SATS GRAT 4
4 · EchoStar CORP · Filed Dec 2, 2020
Insider Transaction Report
Form 4
EchoStar CORPSATS
Transactions
- Gift
Class B Common Stock
2020-11-30−14,266,099→ 0 total→ Class A Common Stock (14,266,099 underlying)
Footnotes (2)
- [F1]The holder of Class B shares 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.
- [F2]On November 30, 2018, Charles W. Ergen established the Ergen Two-Year November 2018 SATS GRAT (the "2018 November GRAT") and contributed a total of 20,000,000 Class B shares to such trust. Pursuant to the terms of the 2018 November GRAT, all of the remaining 14,266,099 Class B shares were distributed to Mr. Ergen as an annuity payment on November 30, 2020 and the 2018 November GRAT expired in accordance with its terms. Mrs. Cantey M. Ergen, Mr. Ergen's spouse, served as the trustee of the 2018 November GRAT.