ERGEN CANTEY 4
4 · DISH Network CORP · Filed Jan 3, 2024
Insider Transaction Report
Form 4
ERGEN CANTEY
Director
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2023-12-31−5,000→ 0 totalExercise: $32.44Exp: 2027-01-01→ Class A Common Stock (5,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2023-12-31−5,000→ 0 totalExercise: $35.47Exp: 2025-01-01→ Class A Common Stock (5,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2023-12-31−5,000→ 0 totalExercise: $32.34Exp: 2026-01-01→ Class A Common Stock (5,000 underlying) - Disposition to Issuer
Restricted Stock Units
2023-12-31−47→ 0 totalExp: 2024-01-01→ Class A Common Stock (47 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2023-12-31−5,000→ 0 totalExercise: $14.04Exp: 2028-01-01→ Class A Common Stock (5,000 underlying) - Disposition to Issuer
Class A Common Stock
2023-12-31−448→ 0 total - Disposition to Issuer
Class A Common Stock
2023-12-31−2,817→ 0 total(indirect: I)
Footnotes (5)
- [F1]Pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of October 2, 2023 ("Merger Agreement"), by and between the Issuer, EchoStar Corporation, a Nevada corporation ("EchoStar") and EAV Corp., a Nevada corporation and a wholly owned direct subsidiary of EchoStar ("Merger Sub"), on December 31, 2023, Merger Sub merged with and into the Issuer with the Issuer surviving the merger as a wholly owned subsidiary of EchoStar (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of Class A Common Stock, par value $0.01 per share, of the Issuer ("Issuer Class A Common Stock") held by the Reporting Person was converted into the right to receive 0.350877 shares of Class A Common Stock, par value $0.001 per share, of EchoStar ("EchoStar Class A Common Stock").
- [F2]By 401(K).
- [F3]The shares underlying the option were 100% vested upon the date of the grant. Pursuant to the Merger Agreement, at the Effective Time, each option to purchase Issuer Class A Common Stock held by the Reporting Person was converted into a corresponding award with respect to EchoStar Class A Common Stock.
- [F4]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer, which will be issued to the Reporting Person immediately upon vesting.
- [F5]The RSUs vest in three equal annual installments, commencing upon January 1, 2022. Pursuant to the Merger Agreement, at the Effective Time, each option to purchase Issuer Class A Common Stock held by the Reporting Person was converted into a corresponding award with respect to EchoStar Class A Common Stock.