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)
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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)
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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