Ergen Two-Year 2017 DISH GRAT 4
4 · DISH Network CORP · Filed Dec 4, 2018
Insider Transaction Report
Form 4
Ergen Two-Year 2017 DISH GRAT
10% Owner
Transactions
- Gift
Class B Common Stock
2018-11-30−29,196,663→ 10,803,337 total→ Class A Common Stock (29,196,663 underlying)
Footnotes (2)
- [F1]On November 30, 2017, Mr. Charles W. Ergen established a Grantor Retained Annuity Trust ("GRAT"), the Ergen Two-Year 2017 DISH GRAT (the "Two-Year 2017 GRAT") and contributed 40,000,000 Class B shares to the Two-Year 2017 GRAT. The Two-Year 2017 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. The Two-Year 2017 GRAT is scheduled to expire in accordance with its terms on November 30, 2019. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
- [F2]Pursuant to the terms of the Two-Year 2017 GRAT, 29,196,663 Class B shares were distributed as an annuity to Mr. Ergen on November 30, 2018. Following this distribution, the Two-Year 2017 GRAT retained 10,803,337 Class B shares.