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 	  
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	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*
ORBAN PAUL W	

(Last)	(First)	(Middle)	
90 INVERNESS CIRCLE EAST	

(Street) 
ENGLEWOOD	CO	80112	

(City)	(State)	(Zip)	
	2. Issuer Name and Ticker or Trading Symbol 
EchoStar Holding CORP [ SATS ] 	5. Relationship of Reporting Person(s) to Issuer 
(Check all applicable) 
	Director		10% Owner	
X	Officer (give title below)		Other (specify below)	
SVP & Controller	
		
	3. Date of Earliest Transaction (Month/Day/Year)
01/01/2008 		
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) 
X	Form filed by One Reporting Person	
	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) 	
			Code	V	Amount	(A) or (D)	Price				
Class A Common Stock	01/01/2008		J(1) 	V	447	A	$0 	447	D		
Class A Common Stock	01/01/2008		J(1) 	V	124	A	$0 	124	I	I(2) 	
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) 	
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares					
Employee Stock Option (Right to Buy)	$27.63 	01/02/2008		A(3) 	V	5,000		(4) 	09/30/2016	Class A Common Stock	5,000	$0 	5,000	D		
Restricted Stock Unit	(5)	01/02/2008		A(6) 	V	1,000		(7) 	09/30/2016	Class A Common Stock	1,000	$0 	1,000	D		
Employee Stock Option (Right to Buy)	$24.68 	01/02/2008		A(3) 	V	6,000		(8) 	03/31/2015	Class A Common Stock	6,000	$0 	6,000	D		
Employee Stock Option (Right to Buy)	$25.95 	01/02/2008		A(3) 	V	5,000		(9) 	06/30/2014	Class A Common Stock	5,000	$0 	5,000	D		
Employee Stock Option (Right to Buy)	$24.37 	01/02/2008		A(3) 	V	500		(10) 	03/31/2013	Class A Common Stock	500	$0 	500	D		
Employee Stock Option (Right to Buy)	$14.6 	01/02/2008		A(3) 	V	600		(11) 	09/30/2012	Class A Common Stock	600	$0 	600	D		
Employee Stock Option (Right to Buy)	$5.06 	01/02/2008		A(3) 	V	16,000		(12) 	02/17/2009	Class A Common Stock	16,000	$0 	16,000	D		
Explanation of Responses:	
1. The shares were received in connection with a spin-off of EchoStar Communications Corporation's ("ECC") technology and certain infrastructure assets effective on January 1, 2008 (the "Spin-Off").	
2. By 401(k).	
3. The option was issued in connection with the Spin-Off. Under the terms of the employee matters agreement executed between the issuer and ECC, the exercise price of the option became calculable on January 2, 2008.	
4. The shares underlying the option were 20% vested on the date of grant with the remaining 80% vesting at the rate of 20% per year, commencing on September 30, 2008.	
5. Each unit converts upon vesting into one share of stock, which will be issued to the reporting person immediately upon vesting.	
6. The restricted stock unit was issued in connection with the Spin-Off.	
7. The grant is subject to achievement of certain performance criteria and was 10% vested on the date of grant with the remaining 90% vesting at the rate of 10% per year commencing September 30, 2008 until September 30, 2010, and then at the rate of 20% per year thereafter.	
8. The grant is subject to achievement of certain performance criteria and was 20% vested on the date of grant with the remaining 80% vesting at the rate of 10% per year commencing March 31, 2008 until March 31, 2009, and then at the rate of 20% per year thereafter.	
9. The shares underlying the option were 60% vested on the date of grant with the remaining 40% vesting at the rate of 20% per year, commencing on June 30, 2008.	
10. The shares underlying the option were 80% vested on the date of grant with the remaining 20% vesting on March 31, 2008.	
11. The shares underlying the option were 100% vested on the date of grant.	
12. The grant is subject to achievement of certain performance criteria and was 100% vested on the date of grant.	
Remarks:	
	
	/s/ Paul W. Orban	01/04/2008	
	** 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).	
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