EchoStar Corporation

View:

SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ERGEN CHARLES W

(Last)

(First)

(Middle)

9601 S. MERIDIAN BLVD.

(Street)

ENGLEWOOD

80112

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
DISH Network CORP [ DISH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
CHAIRMAN

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	12/03/2021		J⁽¹⁾		7,500,000	D	⁽¹⁾	15,390,835	I	I⁽²⁾
Class A Common Stock	12/03/2021		J⁽¹⁾		7,500,000	A	⁽¹⁾	11,300,499	D
Class A Common Stock								322	I	I⁽³⁾
Class A Common Stock								21,324	I	I⁽⁴⁾
Class A Common Stock								2,658	I	I⁽⁵⁾
Class A Common Stock								10,957	I	I⁽⁶⁾
Class A Common Stock								2,168,975	I	I⁽⁷⁾
Class A Common Stock								6,699,489	I	I⁽⁸⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽⁹⁾	12/03/2021		J⁽¹⁾			7,465,039	⁽⁹⁾	⁽⁹⁾	Class A Common Stock	0	⁽⁹⁾	0	I	I⁽²⁾
Class B Common Stock	⁽⁹⁾	12/03/2021		J⁽¹⁾		7,465,039		⁽⁹⁾	⁽⁹⁾	Class A Common Stock	7,465,039	⁽⁹⁾	12,587,423	D
Class B Common Stock	⁽⁹⁾	12/03/2021		G⁽¹⁰⁾	V		18,488,257	⁽⁹⁾	⁽⁹⁾	Class A Common Stock	18,488,257	⁽⁹⁾	0	I	I⁽¹⁰⁾
Class B Common Stock	⁽⁹⁾	12/03/2021		G⁽¹⁰⁾	V	18,488,257		⁽⁹⁾	⁽⁹⁾	Class A Common Stock	18,488,257	⁽⁹⁾	31,075,680	D
Class B Common Stock	⁽⁹⁾	12/03/2021		J⁽¹¹⁾		1,430,090		⁽⁹⁾	⁽⁹⁾	Class A Common Stock	1,430,090	⁽⁹⁾	32,505,770	D
Class B Common Stock	⁽⁹⁾	12/03/2021		G⁽¹²⁾	V		32,500,000	⁽⁹⁾	⁽⁹⁾	Class A Common Stock	32,500,000	⁽⁹⁾	5,770	D
Class B Common Stock	⁽⁹⁾	12/03/2021		G⁽¹²⁾	V	32,500,000		⁽⁹⁾	⁽⁹⁾	Class A Common Stock	32,500,000	⁽⁹⁾	32,500,000	I	I⁽¹²⁾
Class B Common Stock	⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	Class A Common Stock	42,000,000		42,000,000	I	I⁽¹³⁾
Class B Common Stock	⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	Class A Common Stock	40,138,818		40,138,818	I	I⁽¹⁴⁾
Class B Common Stock	⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	Class A Common Stock	63,790,620		63,790,620	I	I⁽⁸⁾
Class B Common Stock	⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	Class A Common Stock	10,000,000		10,000,000	I	I⁽¹⁵⁾
Class B Common Stock	⁽⁹⁾							⁽⁹⁾	⁽⁹⁾	Class A Common Stock	50,000,000		50,000,000	I	I⁽¹⁶⁾

1. Name and Address of Reporting Person^*

ERGEN CHARLES W

(Last)

(First)

(Middle)

9601 S. MERIDIAN BLVD.

(Street)

ENGLEWOOD

80112

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

ERGEN CANTEY

(Last)

(First)

(Middle)

9601 S. MERIDIAN BLVD.

(Street)

ENGLEWOOD

80112

(City)

(State)

(Zip)

Explanation of Responses:

1. On December 3, 2021, Mr. Ergen, for estate planning purposes, acquired beneficial ownership of 7,500,000 Class A shares and 7,465,039 Class B shares held by the Two-Year March 2020 GRAT, a trust established for estate planning purposes by Mr. Ergen for the benefit of his family, when Mr. Ergen exercised his right, as grantor of such trust, to substitute other property of equivalent value in exchange for such Class A shares and Class B shares.

2. The Ergen Two-Year March 2020 DISH GRAT holds 15,390,835 Class A shares and is scheduled to expire in accordance with its terms on March 16, 2022. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.

3. Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.

4. Held by Mr. Charles W. Ergen in a 401(k) account.

5. Held by Mrs. Cantey M. Ergen in a 401(k) account.

6. The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.

7. The shares are held by a charitable foundation. The reporting persons are officers of the charitable foundation and share voting and dispositive power for the foundation. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.

8. The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.

9. The holder of the shares of Class B stock 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.

10. Pursuant to the terms of the Ergen Two-Year December 2019 GRAT, all 18,488,257 Class B shares held by the Ergen Two-Year December 2019 GRAT were distributed as an annuity to Mr. Ergen on December 3, 2021. Following this distribution, the Ergen Two-Year December 2019 GRAT expired pursuant to its terms.

11. On December 3, 2021, Mr. Ergen, for estate planning purposes, acquired beneficial ownership of 1,430,090 Class B shares held by certain trusts established for estate planning purposes by Mr. Ergen for the benefit of his family, when Mr. Ergen exercised his right, as grantor of such trusts, to substitute other property of equivalent value in exchange for such Class B shares.

12. On December 3, 2021, Mr. Ergen established the Ergen Two-Year December 2021 DISH GRAT and contributed 32,500,000 Class B shares, resulting in the transfer of a total of 32,500,000 Class B shares. The Ergen Two-Year December 2021 DISH GRAT is scheduled to expire in accordance with its terms on December 3, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.

13. The Ergen Two-Year December 2020 DISH GRAT holds 42,000,000 Class B shares and is scheduled to expire in accordance with its terms on December 22, 2022. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.

14. The Ergen Two-Year June 2020 DISH GRAT holds 40,138,818 Class B shares and is scheduled to expire in accordance with its terms on June 2, 2022. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.

15. The Ergen Two-Year March 2021 DISH GRAT holds 10,000,000 Class B shares and is scheduled to expire in accordance with its terms on March 30, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.

16. The Ergen Two-Year June 2021 DISH GRAT holds 50,000,000 Class B Shares and is scheduled to expire in accordance with its terms on June 3, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.

	/s/ Charles W. Ergen by Brandon Ehrhart, Attorney-in-Fact	12/07/2021
	/s/ Cantey M. Ergen by Brandon Ehrhart, Attorney-in-Fact	12/07/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.