BYE STEPHEN J 4
4 · EchoStar CORP · Filed Jan 3, 2024
Insider Transaction Report
Form 4
EchoStar CORPSATS
BYE STEPHEN J
Director
Transactions
- Award
Class A Common Stock
2023-12-31+652→ 652 total - Award
Non-Employee Director Stock Option
2023-12-31+3,508→ 3,508 totalExercise: $26.60Exp: 2028-04-01→ Class A Common Stock (3,508 underlying) - Award
Class A Common Stock
2023-12-31+167→ 167 total(indirect: By 401 (k))
Footnotes (3)
- [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 of 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 on the date of grant.
- [F3]Received in exchange for a non-employee director stock option to acquire shares of DISH Class A Common Stock in connection with 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 (ii) 0.350877 (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.