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*
DUGAN MICHAEL T

(Last) (First) (Middle)

(Street)

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ECHOSTAR COMMUNICATIONS CORP [ DISH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President and C.O.O.
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2003
4. If Amendment, Date of Original Filed (Month/Day/Year)
05/14/2003
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 05/12/2003 M 15,813 A 2.125 0(1) D
Class A Common Stock 05/12/2003 S 15,813 D 32.584 0 D
Class A Common Stock 05/12/2003 M 48,489 A 2.125 0 D
Class A Common Stock 05/12/2003 S 48,489 D 32.527 0 D
Class A Common Stock 05/12/2003 M 28,224 A 2.125 0 D
Class A Common Stock 05/12/2003 S 28,224 D 32.565 0 D
Class A Common Stock 05/12/2003 M 107,628 A 2.125 0 D
Class A Common Stock 05/12/2003 S 107,628 D 32.537 0 D
Class A Common Stock 05/12/2003 M 49,846 A 2.125 110,350 D
Class A Common Stock 05/12/2003 S 49,846 D 32.548 17,017 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) 2.125 05/12/2003 M 15,813 12/20/1996(3) 12/20/2006(4) Class A Common Stock 15,813 $2.125 0 D
Employee Stock Option (Right to Buy) 2.125 05/12/2003 M 48,489 08/01/1997(5) 08/01/2007(4) Class A Common Stock 48,489 $2.125 0 D
Employee Stock Option (Right to Buy) 2.125 05/12/2003 M 28,224 12/31/1997(6) 12/31/2007(4) Class A Common Stock 28,224 $2.125 0 D
Employee Stock Option (Right to Buy) 2.125 05/13/2003 M 49,846 02/12/1998(6) 02/12/2008(4) Class A Common Stock 49,846 $2.125 0 D
Employee Stock Option (Right to Buy) 2.125 05/12/2003 M 107,628 12/31/1997(7) 12/31/2007(4) Class A Common Stock 107,628 $2.125 407,520 D
Explanation of Responses:
1. A summary of the reporting person's holdings is included below.
2. On March 8, 2000, the Company issued an additional 60,000 shares of Class A Common Stock to EchoStar Communications Corporation's 401(k) Employees' Savings Plan (the "Plan"). The number of shares reported in column 5 represents the total number of shares allocated to the reporting person's account through the Plan to date. The reporting person has dispositive, but no voting power with respect to the shares.
3. The shares underlying the option, listed in column 5, vested at the rate of 20% per year, commencing on December 20, 1996.
4. Each portion of the option expires five years from the date on which that portion of the option first becomes exercisable.
5. The shares underlying the option, listed in column 5, vested at the rate of 20% per year, commencing on August 1, 1997.
6. The shares underlying the option, listed in column 5, vested at the rate of 20% per year, commencing on February 12, 1998.
7. The shares underlying the option, listed in column 5, vested at the rate of 20% per year, commencing on December 31, 1997.
Michael T. Dugan 05/16/2003
** 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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