0001415889-24-010131.txt : 20240403 0001415889-24-010131.hdr.sgml : 20240403 20240403175453 ACCESSION NUMBER: 0001415889-24-010131 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: Gaske Paul CENTRAL INDEX KEY: 0001353340 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33807 FILM NUMBER: 24820495 MAIL ADDRESS: STREET 1: HUGHES NETWORK SYSTEMS, LLC STREET 2: 11717 EXPLORATION LANE CITY: GERMANTOWN STATE: MD ZIP: 20876 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_090441.xml X0508 4 2024-04-01 0001415404 EchoStar CORP SATS 0001353340 Gaske Paul 9601 S. MERIDIAN BLVD. ENGLEWOOD CO 80112 false true false false COO, HUGHES 0 Employee Stock Option (Right to Buy) 25.21 2024-04-01 4 D 0 28102 0 D 2032-04-01 Class A Common Stock 28102 0 D Employee Stock Option (Right to Buy) 25.21 2024-04-01 4 D 0 11898 0 D 2032-04-01 Class A Common Stock 11898 0 D Employee Stock Option (Right to Buy) 38.89 2024-04-01 4 D 0 17287 0 D 2029-10-01 Class A Common Stock 17287 0 D Employee Stock Option (Right to Buy) 38.89 2024-04-01 4 D 0 7713 0 D 2029-10-01 Class A Common Stock 7713 0 D Employee Stock Option (Right to Buy) 33.99 2024-04-01 4 D 0 61885 0 D 2026-01-01 Class A Common Stock 61885 0 D Employee Stock Option (Right to Buy) 14.04 2024-04-01 4 A 0 68520 0 A 2034-04-01 Class A Common Stock 68520 68520 D Employee Stock Option (Right to Buy) 14.04 2024-04-01 4 A 0 20300 0 A 2034-04-01 Class A Common Stock 20300 20300 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 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. The option vests as to 8,000 shares on each of April 1, 2023 and April 1, 2024, and thereafter in three equal annual installments beginning on April 1, 2025. The option vests in three equal annual installments beginning on April 1, 2025. The option vested as to 5,000 shares on each of October 1, 2020 and October 1, 2021 and as to 2,429 shares on October 1, 2022, and will vest as to 2,429 shares on each of October 1, 2023 and October 1, 2024. The option vested as to 2,571 shares on October 1, 2022 and vests as to 2,571 shares on each of October 1, 2023 and October 1, 2024. The options vested in five annual installments beginning on January 1, 2017 and became fully vested on January 1, 2021. 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 Gaske, by Dean A. Manson, Attorney-in-Fact 2024-04-03