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