4//SEC Filing
Schanman Gary 4
Accession 0001104659-24-001014
CIK 0001415404other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 7:07 PM ET
Size
18.1 KB
Accession
0001104659-24-001014
Insider Transaction Report
Form 4
EchoStar CORPSATS
Schanman Gary
EVP, G PRES, VIDEO SRVS
Transactions
- Award
Employee Stock Option (Right to Buy)
2023-12-31+3,510→ 3,510 totalExercise: $18.79Exp: 2033-07-01→ Class A Common Stock (3,510 underlying) - Award
Employee Stock Option (Right to Buy)
2023-12-31+14,033→ 14,033 totalExercise: $18.79Exp: 2033-07-01→ Class A Common Stock (14,033 underlying) - Award
Employee Stock Option (Right to Buy)
2023-12-31+9,549→ 9,549 totalExercise: $52.36Exp: 2032-07-01→ Class A Common Stock (9,549 underlying) - Award
Employee Stock Option (Right to Buy)
2023-12-31+7,017→ 7,017 totalExercise: $52.36Exp: 2032-07-22→ Class A Common Stock (7,017 underlying) - Award
Employee Stock Option (Right to Buy)
2023-12-31+7,017→ 7,017 totalExercise: $52.36Exp: 2032-07-01→ Class A Common Stock (7,017 underlying) - Award
Employee Stock Option (Right to Buy)
2023-12-31+18,521→ 18,521 totalExercise: $52.36Exp: 2032-07-01→ Class A Common Stock (18,521 underlying)
Footnotes (5)
- [F1]The shares underlying these options vest 20% per year on each of July 1, 2023, July 1, 2024, July 1, 2025, July 1, 2026 and July 1, 2027.
- [F2]Received in exchange for a an employee stock option to acquire shares of DISH Class A Common Stock 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").
- [F3]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.
- [F4]The shares underlying these options vest 20% per year on each of July 1, 2024, July 1, 2025, July 1, 2026, July 1, 2027 and July 1, 2028.
- [F5]The grant is subject to achievement of certain performance criteria prior to December 31, 2026 and will vest based on achievement of such criteria. The performance criteria are not tied to the market price of the Issuer's securities.
Documents
Issuer
EchoStar CORP
CIK 0001415404
Entity typeother
Related Parties
1- filerCIK 0002003129
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 7:07 PM ET
- Size
- 18.1 KB