Kathleen Q. Abernathy - Dec 31, 2023 Form 4 Insider Report for EchoStar CORP (SATS)

Role
Director
Signature
/s/ Kathleen Q. Abernathy, by Dean Manson, Attorney-in-Fact
Stock symbol
SATS
Transactions as of
Dec 31, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 07:00 PM
Previous filing
Jan 3, 2023
Next filing
Apr 3, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SATS Non-Employee Director Stock Option Award +3.07K 3.07K Dec 31, 2023 Class A Common Stock 3.07K $94.45 Direct F1, F2, F3
transaction SATS Non-Employee Director Stock Option Award +1.75K 1.75K Dec 31, 2023 Class A Common Stock 1.75K $101.09 Direct F1, F2, F3
transaction SATS Non-Employee Director Stock Option Award +1.75K 1.75K Dec 31, 2023 Class A Common Stock 1.75K $92.17 Direct F1, F2, F3
transaction SATS Non-Employee Director Stock Option Award +1.75K 1.75K Dec 31, 2023 Class A Common Stock 1.75K $92.46 Direct F1, F2, F3
transaction SATS Non-Employee Director Stock Option Award +1.75K 1.75K Dec 31, 2023 Class A Common Stock 1.75K $40.02 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares underlying the option were 100% vested upon the date of grant.
F2 Received in exchange for a non-employee director stock option to acquire shares of Class A Common Stock, par value $.01 par value per share (DISH Class A Common Stock"), of DISH Network Corporation, a Nevada corporation ("DISH") in connection of the Amended and Restated Agreement and Plan of Merger, dated as of October 2, 2023 ("Merger Agreement"), by and between the Issuer, DISH and EAV Corp., a Nevada corporation and a wholly owned direct subsidiary of the Issuer ("Merger Sub"). Pursuant to the Merger Agreement, on December 31, 2023, Merger Sub merged with and into DISH with DISH surviving the merger as a wholly owned subsidiary of the Issuer (the "Merger").
F3 At the effective time of the Merger (the "Effective Time"), each stock option held by the reporting person was converted into an Issuer stock option on substantially the same terms and conditions, with respect to a number of shares of Issuer Class A Common Stock equal to (i) the number of shares of DISH Class A Common Stock subject to the corresponding DISH stock option immediately prior to the Effective Time, multiplied by (ii) 0.350877 (the "Exchange Ratio"), at an exercise price equal to the exercise price of the corresponding DISH stock option immediately prior to the Effective Time divided by the Exchange Ratio.