Statement of Changes in Beneficial Ownership (4)
04 Dezembro 2019 - 6:22PM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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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1. Name and Address of Reporting Person
*
ERGEN TWO YEAR 2017 SATS GRAT |
2. Issuer Name and Ticker or Trading Symbol
EchoStar CORP
[
SATS
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
9601 S. MERIDIAN BLVD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/2/2019 |
(Street)
ENGLEWOOD, CO 80112
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
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X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
Class B Common Stock | (1) | 12/2/2019 | | G (2) | | | 2611427 | (1) | (1) | Class A Common Stock | 2611427.0 | (1) | 0 (2) | D (2)(3) | |
Class B Common Stock | (4) | 12/2/2019 | | G (5) | | | 5733901 | (4) | (4) | Class A Common Stock | 5733901.0 | (4) | 14266099 (5) | D (3)(5)(6) | |
Explanation of Responses: |
(1) | On November 30, 2017, Mr. Ergen established the Ergen Two-Year 2017 SATS GRAT (the "2017 November GRAT") and contributed a total of 8,000,000 Class B shares to such trust. The 2017 November GRAT could have elected 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 served as the trustee of the 2017 November GRAT. |
(2) | Pursuant to the terms of the 2017 November GRAT, all of the remaining 2,611,427 Class B shares were distributed as an annuity to Mr. Ergen on December 2, 2019 and the 2017 November GRAT expired in accordance with its terms. |
(3) | There is no formal agreement to vote or dispose of the shares owned by each GRAT in a particular manner, except that the trust agreement for each GRAT contains an irrevocable provision that provides that the trustee will not dispose of any shares of the issuer held by the GRAT unless a Change of Control Event (as defined in Item 6 of the GRATs' Schedule 13D/A filed on December 3, 2019) occurs. The dispositive and voting power of the shares held by each of the GRATs is independent of each other. |
(4) | On November 30, 2018, Mr. Ergen established the Ergen Two-Year November 2018 SATS GRAT (the "2018 November GRAT") and contributed a total of 20,000,000 Class B shares to such trust. The 2018 November 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 2018 November GRAT is scheduled to expire in accordance with its terms on November 30, 2020. Mrs. Cantey M. Ergen serves as the trustee of the 2018 November GRAT. |
(5) | Pursuant to the terms of the 2018 November GRAT, 5,733,901 Class B shares were distributed to Mr. Ergen as an annuity payment on December 2, 2019, with the 2018 November GRAT retaining 14,266,099 Class B shares. |
(6) | These securities are owned directly by the 2018 November GRAT. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
ERGEN TWO YEAR 2017 SATS GRAT 9601 S. MERIDIAN BLVD. ENGLEWOOD, CO 80112 |
| X |
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Ergen Two-Year November 2018 SATS GRAT 9601 S. MERIDIAN BLVD. ENGLEWOOD, CO 80112 |
| X |
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Signatures
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/s/ Cantey M. Ergen, Trustee of the Ergen Two-Year 2017 SATS GRAT, by Joseph Turitz, her Attorney-in-Fact | | 12/4/2019 |
**Signature of Reporting Person | Date |
/s/ Cantey M. Ergen, Trustee of the Ergen Two-Year November 2018 SATS GRAT, by Joseph Turitz, her Attorney-in-Fact | | 12/4/2019 |
**Signature of Reporting Person | Date |
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