Ergen Two-Year November 2018 DISH GRAT 4
4 · DISH Network CORP · Filed Dec 2, 2020
Insider Transaction Report
Form 4
Transactions
- Gift
Class B Common Stock
2020-11-30−26,962,635→ 0 total→ Class A Common Stock (26,962,635 underlying)
Footnotes (2)
- [F1]On November 30, 2018, Charles W. Ergen established the Ergen Two-Year November 2018 DISH GRAT (the "Two-Year November 2018 DISH GRAT") and contributed 50,000,000 Class B shares to the Two-Year November 2018 DISH GRAT. The Two-Year November 2018 DISH 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. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
- [F2]Pursuant to the terms of the Two-Year November 2018 DISH GRAT, 26,580,662 Class B shares were distributed as an annuity to Mr. Ergen on November 30, 2020, with the remaining 381,973 Class B shares distributed to a trust for the benefit of Mr. Ergen's family members. Following these distributions, the Two-Year November 2018 DISH GRAT expired pursuant to its terms.