ERGEN CANTEY 4
4 · EchoStar CORP · Filed Jan 3, 2024
Insider Transaction Report
Form 4
EchoStar CORPSATS
ERGEN CANTEY
Director10% OwnerOther
Transactions
- Award
Stock Option (Right to Buy)
2023-12-31+1,754→ 1,754 totalExercise: $92.44Exp: 2027-01-01→ Class A Common Stock (1,754 underlying) - Award
Stock Option (Right to Buy)
2023-12-31+1,754→ 1,754 totalExercise: $92.17Exp: 2026-01-01→ Class A Common Stock (1,754 underlying) - Award
Stock Option (Right to Buy)
2023-12-31+1,754→ 1,754 totalExercise: $40.02Exp: 2028-01-01→ Class A Common Stock (1,754 underlying) - Award
Class A Common Stock
2023-12-31+156→ 203 total - Award
Class A Common Stock
2023-12-31+988→ 1,189 total(indirect: By 401(k)) - Exercise/Conversion
Class A Common Stock
2024-01-01+16→ 219 total - Tax Payment
Class A Common Stock
2024-01-01$16.57/sh−6$99→ 213 total - Exercise/Conversion
Restricted Stock Units
2024-01-01−16→ 0 totalExp: 2024-01-01→ Class A Common Stock (16 underlying) - Award
Stock Option (Right to Buy)
2023-12-31+1,754→ 1,754 totalExercise: $101.09Exp: 2025-01-01→ Class A Common Stock (1,754 underlying) - Award
Restricted Stock Units
2023-12-31+16→ 16 totalExp: 2024-01-01→ Class A Common Stock (16 underlying)
Footnotes (7)
- [F1]Received in exchange for shares of Class A Common Stock, par value $.01 par value per share ("DISH Class A Common Stock"), of DISH Network Corporation, a Nevada corporation ("DISH") in connection with the Amended and Restated Agreement and Plan of Merger, dated as of October 2, 2023 ("Merger Agreement"), by and between the Issuer, DISH and EAV Corp., a Nevada corporation and a wholly owned direct subsidiary of the Issuer ("Merger Sub"). Pursuant to the Merger Agreement, on December 31, 2023, Merger Sub merged with and into DISH with DISH surviving the merger as a wholly owned subsidiary of the Issuer (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding share of DISH Class A Common Stock was converted into the right to receive a number of Issuer Class A Common Stock equal to 0.350877 (the "Exchange Ratio").
- [F2]The shares underlying the option were 100% vested at date of grant.
- [F3]Received in exchange for an employee stock option to acquire shares of DISH Class A Common Stock in connection with the Merger. At the Effective Time, each stock option held by the reporting person was converted into an Issuer stock option on substantially the same terms and conditions, with respect to a number of shares of Issuer Class A Common Stock equal to (i) the number of shares of DISH Class A Common Stock subject to the corresponding DISH stock option immediately prior to the Effective Time, multiplied by the Exchange Ratio, at an exercise price equal to the exercise price of the corresponding DISH stock option immediately prior to the Effective Time divided by the Exchange Ratio.
- [F4]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Issuer Class A Common Stock, which will be issued to the reporting person immediately upon vesting.
- [F5]The RSUs vest in three equal annual installments, commencing January 1, 2022.
- [F6]Received in exchange for restricted stock units representing a contingent right to receive DISH Class A Common Stock in connection with the Merger. At the Effective Time, each restricted stock unit held by the reporting person was converted into an Issuer RSU on substantially the same terms and conditions, with respect to a number of shares of Issuer Class A Common Stock equal to (i) the number of shares of DISH Class A Common Stock subject to the corresponding DISH restricted stock unit award immediately prior to the Effective Time, multiplied by (ii) the Exchange Ratio.
- [F7]Represents shares withheld to cover certain tax obligations in connection with the vested restricted stock units listed in Table II.