0001415889-22-007968.txt : 20220726 0001415889-22-007968.hdr.sgml : 20220726 20220726183236 ACCESSION NUMBER: 0001415889-22-007968 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220722 FILED AS OF DATE: 20220726 DATE AS OF CHANGE: 20220726 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Allen James S. CENTRAL INDEX KEY: 0001496504 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39144 FILM NUMBER: 221108130 MAIL ADDRESS: STREET 1: 9601 S. MERIDIAN BLVD. CITY: ENGLEWOOD STATE: CO ZIP: 80112 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DISH Network CORP CENTRAL INDEX KEY: 0001001082 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 880336997 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 9601 S. MERIDIAN BLVD. CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 3037231000 MAIL ADDRESS: STREET 1: 9601 S. MERIDIAN BLVD. CITY: ENGLEWOOD STATE: CO ZIP: 80112 FORMER COMPANY: FORMER CONFORMED NAME: ECHOSTAR COMMUNICATIONS CORP DATE OF NAME CHANGE: 19950919 4 1 form4-07262022_030724.xml X0306 4 2022-07-22 0001001082 DISH Network CORP DISH 0001496504 Allen James S. 9601 S. MERIDIAN BLVD. ENGLEWOOD CO 80112 false true false false SVP, CHIEF ACCOUNTING OFFICER Employee Stock Option (Right To Buy) 36.80 2022-07-22 4 D 0 50000 0 D 2031-04-01 Class A Common Stock 50000 0 D Employee Stock Option (Right To Buy) 20 2022-07-22 4 A 0 10000 0 A 2032-07-22 Class A Common Stock 10000 10000 D Employee Stock Option (Right To Buy) 20 2022-07-22 4 A 0 40000 0 A 2032-07-22 Class A Common Stock 40000 40000 D Employee Stock Option (Right To Buy) 31.73 2022-07-22 4 D 0 20000 0 D 2032-02-01 Class A Common Stock 20000 0 D Employee Stock Option (Right To Buy) 20 2022-07-22 4 A 0 20000 0 A 2032-07-22 Class A Common Stock 20000 20000 D The transactions reported herein reflect the exchange of "underwater" options to acquire shares of the Issuer's Class A Common Stock pursuant to the terms and conditions set forth in the Issuer's Offer to Exchange Eligible Stock Options dated June 24, 2022, which expired on July 22, 2022 (the "Exchange"). Effective July 22, 2022, the Issuer cancelled the options the Reporting Person elected to exchange and granted to the Reporting Person an identical number of options with, among other new terms, a new exercise price and an extended vesting schedule for options that are not subject to achievement of certain performance criteria. The new exercise price is $20, which is higher than the closing price per share of the Issuer's Class A Common Stock on the Nasdaq Global Select Market of $18.70 on July 22, 2022. The shares underlying the options were scheduled to vest at the rate of 20% per year, commencing upon April 1, 2022. Pursuant to the Exchange, the Reporting Person exchanged 10,000 vested options granted on April 1, 2021 for a total exchange of 10,000 vested options. 40% of the shares underlying these options vest immediately upon the grant date. The remaining 60% of the shares underlying these options vest 20% per year on each of July 1, 2023, July 1, 2024 and July 1, 2025. Pursuant to the Exchange, the Reporting Person exchanged 40,000 unvested options granted April 1, 2021 for a total exchange of 40,000 unvested options. The shares underlying these options vest 20% per year on each of July 1, 2023, July 1, 2024, July 1, 2025, July 1, 2026 and July 1, 2027. The grant is subject to achievement of certain performance criteria prior to December 31, 2026 and will vest based on achievement of such criteria. The performance criteria are not tied to the market price of the Issuer's securities. /s/ James S. Allen, by Brandon Ehrhart, Attorney-in-Fact 2022-07-26