0001415889-24-010133.txt : 20240403
0001415889-24-010133.hdr.sgml : 20240403
20240403175611
ACCESSION NUMBER: 0001415889-24-010133
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240401
FILED AS OF DATE: 20240403
DATE AS OF CHANGE: 20240403
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ORBAN PAUL W
CENTRAL INDEX KEY: 0001197815
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33807
FILM NUMBER: 24820506
MAIL ADDRESS:
STREET 1: 9601 SOUTH MERIDIAN BOULEVARD
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: EchoStar CORP
CENTRAL INDEX KEY: 0001415404
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 261232727
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 9601 SOUTH MERIDIAN BOULEVARD
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
BUSINESS PHONE: 303-723-1000
MAIL ADDRESS:
STREET 1: 9601 SOUTH MERIDIAN BOULEVARD
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
FORMER COMPANY:
FORMER CONFORMED NAME: EchoStar Holding CORP
DATE OF NAME CHANGE: 20071017
4
1
form4-04032024_090402.xml
X0508
4
2024-04-01
0001415404
EchoStar CORP
SATS
0001197815
ORBAN PAUL W
9601 S. MERIDIAN BLVD.
ENGLEWOOD
CO
80112
false
true
false
false
EVP, CFO, DISH
0
Employee Stock Option (Right To Buy)
14.04
2024-04-01
4
A
0
100000
0
A
2034-04-01
Class A Common Stock
100000
100000
D
Employee Stock Option (Right To Buy)
57.01
2024-04-01
4
D
0
65264
0
D
2032-07-22
Class A Common Stock
65264
0
D
Employee Stock Option (Right To Buy)
57.01
2024-04-01
4
D
0
35087
0
D
2032-07-22
Class A Common Stock
35087
0
D
Employee Stock Option (Right To Buy)
57.01
2024-04-01
4
D
0
1871
0
D
2032-07-22
Class A Common Stock
1871
0
D
Employee Stock Option (Right To Buy)
57.01
2024-04-01
4
D
0
14034
0
D
2032-02-01
Class A Common Stock
14034
0
D
Employee Stock Option (Right To Buy)
14.04
2024-04-01
4
A
0
55062
0
A
2034-04-01
Class A Common Stock
55062
55062
D
Employee Stock Option (Right to Buy)
14.04
2024-04-01
4
A
0
54177
0
A
2034-04-01
Class A Common Stock
54177
54177
D
Employee Stock Option (Right to Buy)
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2024-04-01
4
A
0
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0
A
2034-04-01
Class A Common Stock
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7017
D
The shares underlying the options vest at the rate of 20% per year, commencing upon April 1, 2025.
These 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 March 4, 2024, which expired on April 1, 2024 (the "Exchange"). Effective April 1, 2024, the Issuer cancelled the options the Reporting Person elected to exchange and granted to the Reporting Person new options with, among other new terms, a new exercise price, a different vesting schedule and in certain cases a different number of options, for options that are not subject to achievement of certain performance criteria. The new exercise price is $14.04, which is the closing price of the Issuer's Class A Common Stock on April 1, 2024.
40% of the shares underlying these options vested 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.
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, 2023 and will vest based on achievement of such criteria. The performance criteria are not tied to the market price of the Issuer's securities.
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.
40% of the shares underlying these options vested immediately upon the grant date. The remaining 60% of the shares underlying these options vest 30% per year on each of April 1, 2025 and April 1, 2026.
The shares underlying these options vest 25% per year on each of April 1, 2025, April 1, 2026, April 1, 2027 and April 1, 2028.
/s/ Paul W. Orban, by Dean A. Manson, Attorney-in-Fact
2024-04-03