Charles W. Ergen - Dec 21, 2021 Form 4 Insider Report for EchoStar CORP (SATS)

Role
Chairman, Director, 10%+ Owner
Signature
/s/ Charles W. Ergen, by Stephanie D. Marks, his Attorney-in-Fact
Stock symbol
SATS
Transactions as of
Dec 21, 2021
Transactions value $
$0
Form type
4
Date filed
12/23/2021, 03:20 PM
Previous filing
Dec 8, 2021
Next filing
Dec 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SATS Class A Common Stock 314K Dec 21, 2021 Direct
holding SATS Class A Common Stock 1.89M Dec 21, 2021 I F1
holding SATS Class A Common Stock 6.12K Dec 21, 2021 By child F2
holding SATS Class A Common Stock 47 Dec 21, 2021 By spouse
holding SATS Class A Common Stock 3.71K Dec 21, 2021 By 401(k)
holding SATS Class A Common Stock 201 Dec 21, 2021 By spouse's 401(k)
holding SATS Class A Common Stock 5.4K Dec 21, 2021 By Charitable Foundation F3

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 Class B Common Stock Gift $0 -7.37M -35.09% $0.00 13.6M Dec 21, 2021 Class A Common Stock 7.37M I F4, F5
transaction SATS Class B Common Stock Gift $0 +7.37M +285.72% $0.00 9.95M Dec 21, 2021 Class A Common Stock 7.37M Direct F4, F5
holding SATS Class B Common Stock 2.3M Dec 21, 2021 Class A Common Stock 2.3M I F4, F6
holding SATS Class B Common Stock 9M Dec 21, 2021 Class A Common Stock 9M I F4, F7
holding SATS Class B Common Stock 12.8M Dec 21, 2021 Class A Common Stock 12.8M I F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 18, 2020, Mr. Charles W. Ergen established the Ergen Two-Year March 2020 SATS GRAT (the "2020 March GRAT") and contributed a total of 2,151,751 Class A shares and 1,348,249 Class B shares to such trust. The 2020 March GRAT currently holds 1,886,574 Class A shares and is scheduled to expire in accordance with its terms on March 18, 2022. Mrs. Cantey M. Ergen serves as the trustee of the 2020 March GRAT.
F2 The reporting persons disclaim beneficial ownership of these shares, except to the extent of their pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3 These 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 and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F4 The holder of Class B shares may elect to convert any or all of their Class B shares into an equal number of Class A shares at any time for no additional consideration.
F5 On December 21, 2020, Mr. Ergen established the Ergen Two-Year December 2020 SATS GRAT (the "2020 December GRAT") and contributed a total of 21,000,000 Class B shares to such trust. Pursuant to the terms of the 2020 December GRAT, 7,369,140 Class B shares were distributed as an annuity payment to Mr. Ergen on December 21, 2021, with the 2020 December GRAT retaining 13,630,860 Class B shares. The 2020 December GRAT is scheduled to expire in accordance with its terms on December 21, 2022. Mrs. Cantey M. Ergen serves as the trustee of the 2020 December GRAT.
F6 On June 1, 2020, Mr. Ergen established the Ergen Two-Year June 2020 SATS GRAT (the "2020 June GRAT") and contributed a total of 5,000,000 Class B shares to such trust. The 2020 June GRAT currently holds 2,299,691 Class B shares and is scheduled to expire in accordance with its terms on June 1, 2022. Mrs. Cantey M. Ergen serves as the trustee of the 2020 June GRAT.
F7 On June 9, 2021, Mr. Ergen established the Ergen Two-Year June 2021 SATS GRAT (the "2021 June GRAT") and contributed a total of 9,000,000 Class B shares to such trust. The 2021 June GRAT is scheduled to expire in accordance with its terms on June 9, 2023. Mrs. Cantey M. Ergen serves as the trustee of the 2021 June GRAT.
F8 These shares are held by Telluray Holdings, LLC ("Telluray"). Mrs. Ergen has sole voting power over the Class B shares held by Telluray and Mr. Ergen and Mrs. Ergen share dispositive power over the Class B shares held by Telluray. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.