SC 13D/A 1 a20-21562_3sc13da.htm SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

 

Under the Securities Exchange Act of 1934
(Amendment No. 45)*

 

DISH NETWORK CORPORATION

(Name of Issuer)

 

CLASS A COMMON STOCK, $0.01 PAR VALUE PER SHARE

(Title of Class of Securities)

 

25470M 109

(CUSIP Number)

 

Timothy A. Messner

Executive Vice President and General Counsel

DISH Network Corporation

9601 S. Meridian Blvd.

Englewood, Colorado 80112

(303) 723-1000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

June 2, 2020

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

 


 

CUSIP No. 25470M 109

 

 

1

Name of Reporting Person
Charles W. Ergen

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

 

 

6

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With

7

Sole Voting Power
5,562,906 SHARES (1) (2)
53,334 SIXTY DAY SHARES (3)

 

8

Shared Voting Power
267,933,777 SHARES (1) (4)

 

9

Sole Dispositive Power
5,562,906 SHARES (1) (2)
53,334 SIXTY DAY SHARES (3)

 

10

Shared Dispositive Power
267,933,777 SHARES (1) (4)

 

 

11

Aggregate Amount Beneficially Owned by the Reporting Person
273,550,017

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
Approximately 52.2% (5)

 

 

14

Type of Reporting Person
IN

 


(1) Includes shares of Class A Common Stock (“Class A Common Stock”) and Class B Common Stock (“Class B Common Stock”) of DISH Network Corporation (“DISH Network”).  The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Consists of: (i) 3,260,748 shares of Class A Common Stock owned beneficially directly by Mr. Ergen; (ii) 20,970 shares of Class A Common Stock owned beneficially indirectly by Mr. Ergen through DISH Network’s 401(k) Employee Savings Plan; and (iii) 2,281,188 shares of Class B Common Stock owned beneficially directly by Mr. Ergen.

 

(3) “Sixty Day Shares” are shares of Class A Common Stock deemed to be owned beneficially under Rule 13d-3(d)(1) because Mr. Ergen has the right to acquire beneficial ownership of such shares within 60 days of the date hereof.

 

(4) Consists of: (i) 257 shares of Class A Common Stock owned beneficially directly by Mr. Ergen’s spouse, Cantey M. Ergen; (ii) 2,586 shares of Class A Common Stock owned beneficially indirectly by Mrs. Ergen through DISH Network’s 401(k) Employee Savings Plan; (iii) 10,957 shares of Class A Common Stock owned beneficially by one of Mr. and Mrs. Ergen’s children; (iv) 2,168,975 shares of Class A Common Stock held by a charitable foundation for which Mr. Ergen is an officer and for which he shares voting and dispositive power with Mrs. Ergen; (v) 6,658 shares of Class A Common Stock held by a trust for which Mrs. Ergen has a durable power of attorney on behalf of the beneficiary of the trust; (vi) 63,790,620 shares of Class B Common Stock and 6,699,489 shares of Class A Common Stock held by Telluray Holdings, LLC (“Telluray Holdings”), for which Mrs. Ergen has sole voting power as a manager of Telluray Holdings and for which Mr. Ergen and Mrs. Ergen share dispositive power as the managers of Telluray Holdings; (vii) 26,962,635 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year November 2018 DISH GRAT (the “Two-Year November 2018 GRAT”); (viii) 22,159,284 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year May 2019 DISH GRAT (the “Two-Year May 2019 GRAT”); (ix) 14,132,316 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year 2019 DISH GRAT II (the “Two-Year 2019 GRAT II”); (x) 32,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year December 2019 DISH GRAT (the “Two-Year December 2019 GRAT”); (xi) 22,890,835 shares of Class A Common Stock and 17,109,165 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year March 2020 DISH GRAT (the “Two-Year March 2020 GRAT”); and (xii) 60,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year June 2020 DISH GRAT (the “Two-Year June 2020 GRAT”).

 

(5) Based on 285,725,984 shares of Class A Common Stock outstanding on May 29, 2020 and assuming conversion of all the shares of Class B Common Stock held by Mr. Ergen into Class A Common Stock. Because each share of Class B Common Stock is entitled to 10 votes per share, Mr. Ergen owns beneficially equity securities of DISH Network representing approximately 91.0% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

2


 

CUSIP No. 25470M 109

 

 

1

Name of Reporting Person
Cantey M. Ergen

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

 

 

6

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With

7

Sole Voting Power
265,747,187 SHARES (1) (2)
5,000 SIXTY DAY SHARES (3)

 

8

Shared Voting Power
7,749,496 SHARES (1) (4)

 

9

Sole Dispositive Power
195,257,078 SHARES (1) (5)
5,000 SIXTY DAY SHARES (3)

 

10

Shared Dispositive Power
78,239,605 SHARES (1) (6)

 

 

11

Aggregate Amount Beneficially Owned by the Reporting Person
273,501,683

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
Approximately 52.2% (7)

 

 

14

Type of Reporting Person
IN

 


(1)  Includes shares of Class A Common Stock and Class B Common Stock.  The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Consists of: (i) 257 shares of Class A Common Stock owned beneficially directly by Mrs. Ergen; (ii) 2,586 shares of Class A Common Stock owned beneficially indirectly by Mrs. Ergen through DISH Network’s 401(k) Employee Savings Plan; (iii) 63,790,620 shares of Class B Common Stock and 6,699,489 shares of Class A Common Stock held by Telluray Holdings, for which Mrs. Ergen has sole voting power as a manager of Telluray Holdings; (iv) 26,962,635 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year November 2018 GRAT; (v) 22,159,284 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year May 2019 GRAT; (vi) 14,132,316 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year 2019 GRAT II; (vii) 32,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year December 2019 GRAT; (viii) 22,890,835 shares of Class A Common Stock and 17,109,165 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year March 2020 GRAT; and (ix) 60,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year June 2020 GRAT.  There is no arrangement or agreement between Telluray Holdings and any of the trusts identified in clauses (iv) - (ix) above to vote any shares of DISH Network.  Mrs. Ergen exercises voting power with respect to Telluray Holdings and each such trust independently, and with respect to the trusts identified in clauses (iv) through (ix), in accordance with her fiduciary responsibilities to the beneficiaries of such trusts.

 

(3) “Sixty Day Shares” are shares of Class A Common Stock deemed to be owned beneficially under Rule 13d-3(d)(1) because Mrs. Ergen has the right to acquire beneficial ownership of such shares within 60 days of the date hereof.

 

(4) Consists of: (i) 3,260,748 shares of Class A Common Stock owned beneficially directly by Mr. Ergen, Mrs. Ergen’s spouse; (ii) 20,970 shares of Class A Common Stock owned beneficially indirectly by Mr. Ergen through DISH Network’s 401(k) Employee Savings Plan; (iii) 2,281,188 shares of Class B Common Stock owned beneficially directly by Mr. Ergen; (iv) 10,957 shares of Class A Common Stock owned beneficially by one of Mr. and Mrs. Ergen’s children; (v) 2,168,975 shares of Class A Common Stock held by a charitable foundation for which Mrs. Ergen is an officer and for which she shares voting and dispositive power with Mr. Ergen; and (vi) 6,658 shares of Class A Common Stock held by a trust for which Mrs. Ergen has a durable power of attorney on behalf of the beneficiary of the trust.

 

(5) Consists of: (i) 257 shares of Class A Common Stock owned beneficially directly by Mrs. Ergen; (ii) 2,586 shares of Class A Common Stock owned beneficially indirectly by Mrs. Ergen through DISH Network’s 401(k) Employee Savings Plan; (iii) 26,962,635 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year November 2018 GRAT; (iv) 22,159,284 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year May 2019 GRAT; (v) 14,132,316 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year 2019 GRAT II; (vi) 32,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year December 2019 GRAT; (vii) 22,890,835 shares of Class A Common Stock and 17,109,165 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year March 2020 GRAT; and (viii) 60,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year June 2020 GRAT.  There is no arrangement or agreement between any of the trusts identified in clauses (iii) - (viii) above to dispose of any shares of DISH Network.  Mrs. Ergen exercises dispositive power with respect to each such trust independently and in accordance with her fiduciary responsibilities to the beneficiaries of such trusts.

 

(6) Consists of: (i) 3,260,748 shares of Class A Common Stock owned beneficially directly by Mr. Ergen, Mrs. Ergen’s spouse; (ii) 20,970 shares of Class A Common Stock owned beneficially indirectly by Mr. Ergen through DISH Network’s 401(k) Employee Savings Plan; (iii) 2,281,188 shares of Class B Common Stock owned beneficially directly by Mr. Ergen; (iv) 10,957 shares of Class A Common Stock owned beneficially by one of Mr. and Mrs. Ergen’s children; (v) 2,168,975 shares of Class A Common Stock held by a charitable foundation for which Mrs. Ergen is an officer and for which she shares voting and dispositive power with Mr. Ergen; (vi) 6,658 shares of Class A Common Stock held by a trust for which Mrs. Ergen has a durable power of attorney on behalf of the beneficiary of the trust; and (vii) 63,790,620 shares of Class B Common Stock and 6,699,489 shares of Class A Common Stock held by Telluray Holdings, for which Mr. Ergen and Mrs. Ergen share dispositive power as the managers of Telluray Holdings.

 

(7) Based on 285,725,984 shares of Class A Common Stock outstanding on May 29, 2020 and assuming conversion of all the shares of Class B Common Stock held by Mrs. Ergen into Class A Common Stock. Because each share of Class B Common Stock is entitled to 10 votes per share, Mrs. Ergen owns beneficially equity securities of DISH Network representing approximately 91.0% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

3


 

CUSIP No. 25470M 109

 

 

1

Name of Reporting Person
Ergen Two-Year November 2018 DISH GRAT

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

 

 

6

Citizenship or Place of Organization
Colorado

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With

7

Sole Voting Power
26,962,635 SHARES (1)

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
26,962,635 SHARES (1)

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by the Reporting Person
26,962,635 SHARES

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
Approximately 8.6% (2)

 

 

14

Type of Reporting Person
OO

 


(1) All of the shares beneficially held by the Two-Year November 2018 GRAT are shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,725,984 shares of Class A Common Stock outstanding on May 29, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year November 2018 GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year November 2018 GRAT may be deemed to own beneficially would be approximately 5.1%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year November 2018 GRAT owns beneficially equity securities of DISH Network representing approximately 10.1% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

4


 

CUSIP No. 25470M 109

 

 

1

Name of Reporting Person
Ergen Two-Year May 2019 DISH GRAT

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

 

 

6

Citizenship or Place of Organization
Colorado

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With

7

Sole Voting Power
22,159,284 SHARES (1)

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
22,159,284 SHARES (1)

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by the Reporting Person
22,159,284 SHARES

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
Approximately 7.2% (2)

 

 

14

Type of Reporting Person
OO

 


(1) All of the shares beneficially held by the Two-Year May 2019 GRAT are shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,725,984 shares of Class A Common Stock outstanding on May 29, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year May 2019 GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year May 2019 GRAT may be deemed to own beneficially would be approximately 4.2%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year May 2019 GRAT owns beneficially equity securities of DISH Network representing approximately 8.3% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

5


 

CUSIP No. 25470M 109

 

 

1

Name of Reporting Person
Ergen Two-Year 2019 DISH GRAT II

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

 

 

6

Citizenship or Place of Organization
Colorado

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With

7

Sole Voting Power
14,132,316 SHARES (1)

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
14,132,316 SHARES (1)

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by the Reporting Person
14,132,316 SHARES

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
Approximately 4.7% (2)

 

 

14

Type of Reporting Person
OO

 


(1) All of the shares beneficially held by the Two-Year 2019 GRAT II are shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,725,984 shares of Class A Common Stock outstanding on May 29, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year 2019 GRAT II into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year 2019 GRAT II  may be deemed to own beneficially would be approximately 2.7%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year 2019 GRAT II owns beneficially equity securities of DISH Network representing approximately 5.3% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

6


 

CUSIP No. 25470M 109

 

 

1

Name of Reporting Person
Ergen Two-Year December 2019 DISH GRAT

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

 

 

6

Citizenship or Place of Organization
Colorado

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With

7

Sole Voting Power
32,000,000 SHARES (1)

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
32,000,000 SHARES (1)

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by the Reporting Person
32,000,000 SHARES

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
Approximately 10.1% (2)

 

 

14

Type of Reporting Person
OO

 


(1) All of the shares beneficially held by the Two-Year December 2019 GRAT are shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,725,984 shares of Class A Common Stock outstanding on May 29, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year December 2019 GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year December 2019 GRAT may be deemed to own beneficially would be approximately 6.1%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year December 2019 GRAT owns beneficially equity securities of DISH Network representing approximately 12.0% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

7


 

CUSIP No. 25470M 109

 

 

1

Name of Reporting Person
Ergen Two-Year March 2020 DISH GRAT

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

 

 

6

Citizenship or Place of Organization
Colorado

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With

7

Sole Voting Power
40,000,000 SHARES (1)

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
40,000,000 SHARES (1)

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by the Reporting Person
40,000,000 SHARES

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
Approximately 13.2% (2)

 

 

14

Type of Reporting Person
OO

 


(1) Includes 22,890,835 shares of Class A Common Stock and 17,109,165 shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,725,984 shares of Class A Common Stock outstanding on May 29, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year March 2020 GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year March 2020 GRAT may be deemed to own beneficially would be approximately 7.6%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year March 2020 GRAT owns beneficially equity securities of DISH Network representing approximately 7.3% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

8


 

CUSIP No. 25470M 109

 

 

1

Name of Reporting Person
Ergen Two-Year June 2020 DISH GRAT

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

 

 

6

Citizenship or Place of Organization
Colorado

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With

7

Sole Voting Power
60,000,000 SHARES (1)

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
60,000,000 SHARES (1)

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by the Reporting Person
60,000,000 SHARES

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
Approximately 17.4% (2)

 

 

14

Type of Reporting Person
OO

 


(1) All of the shares beneficially held by the Two-Year June 2020 GRAT are shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,725,984 shares of Class A Common Stock outstanding on May 29, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year June 2020 GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year June 2020 GRAT may be deemed to own beneficially would be approximately 11.5%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year June 2020 GRAT owns beneficially equity securities of DISH Network representing approximately 22.5% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

9


 

CUSIP No. 25470M 109

 

 

1

Name of Reporting Person
Telluray Holdings, LLC

 

 

2

Check the Appropriate Box if a Member of a Group:

 

 

(a)

 o

 

 

(b)

 x

 

 

3

SEC Use Only

 

 

4

Source of Funds
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

 

 

6

Citizenship or Place of Organization
Wyoming

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With

7

Sole Voting Power
70,490,109 SHARES (1)

 

8

Shared Voting Power
0

 

9

Sole Dispositive Power
70,490,109 SHARES (1)

 

10

Shared Dispositive Power
0

 

 

11

Aggregate Amount Beneficially Owned by the Reporting Person
70,490,109 SHARES

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares   o

 

 

13

Percent of Class Represented by Amount in Row (11)
Approximately 20.2% (2)

 

 

14

Type of Reporting Person
OO

 


(1) Includes shares of Class A Common Stock and Class B Common Stock, of which Telluray Holdings is the beneficial owner.  The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.  Consists of: (i) 63,790,620 shares of Class B Common Stock; and (ii) 6,699,489 shares of Class A Common Stock, for which Mrs. Ergen has sole voting power as a manager of Telluray Holdings and for which Mr. Ergen and Mrs. Ergen share dispositive power as the managers of Telluray Holdings.

 

(2) Based on 285,725,984 shares of Class A Common Stock outstanding on May 29, 2020 and assuming conversion of all the shares of Class B Common Stock held by Telluray Holdings into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that Telluray Holdings may be deemed to own beneficially would be approximately 13.5%.  Because each share of Class B Common Stock is entitled to 10 votes per share, Telluray Holdings owns beneficially equity securities of DISH Network representing approximately 24.1% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

10


 

Item 2. Identity and Background.

 

Item 2 is amended and restated as follows:

 

This statement is being filed jointly by: (a) Charles W. Ergen; (b) Cantey M. Ergen; (c) the Two-Year November 2018 GRAT; (d) the Two-Year May 2019 GRAT; (e) the Two-Year 2019 GRAT II; (f) the Two-Year December 2019 GRAT; (g) the Two-Year March 2020 GRAT; (h) the Two-Year June 2020 GRAT; and (i) Telluray Holdings, who are together referred to as the “Reporting Persons.” This Schedule 13D relates solely to, and is being filed for, shares held by Mr. and Mrs. Ergen, the Two-Year November 2018 GRAT, the Two-Year May 2019 GRAT, the Two-Year 2019 GRAT II, the Two-Year December 2019 GRAT, the Two-Year March 2020 GRAT, the Two-Year June 2020 GRAT and Telluray Holdings.

 

(A) Charles W. Ergen

 

Mr. Ergen’s principal occupation is Chairman of DISH Network and Chairman of EchoStar Corporation, (“EchoStar”) and his principal address is 9601 S. Meridian Blvd., Englewood, Colorado 80112. Mr. Ergen has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. Mr. Ergen is a citizen of the United States.

 

(B) Cantey M. Ergen

 

Mrs. Ergen is a Senior Advisor and member of the Board of Directors of DISH Network and her principal address is 9601 S. Meridian Blvd., Englewood, Colorado 80112. Mrs. Ergen has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. Mrs. Ergen is a citizen of the United States.

 

(C) Two-Year November 2018 GRAT

 

The Two-Year November 2018 GRAT was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year November 2018 GRAT has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year November 2018 GRAT, Mrs. Ergen is vested with sole voting and dispositive power over the 26,962,635 shares of Class B Common Stock held by the Two-Year November 2018 GRAT, except as set forth in Item 6.

 

(D) Two-Year May 2019 GRAT

 

The Two-Year May 2019 GRAT was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year May 2019 GRAT has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year May 2019 GRAT, Mrs. Ergen is vested with sole voting and dispositive power over the 22,159,284 shares of Class B Common Stock held by the Two-Year May 2019 GRAT, except as set forth in Item 6.

 

11


 

(E) Two-Year 2019 GRAT II

 

The Two-Year 2019 GRAT II was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year 2019 GRAT II has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year 2019 GRAT II, Mrs. Ergen is vested with sole voting and dispositive power over the 14,132,316 shares of Class B Common Stock held by the Two-Year 2019 GRAT II, except as set forth in Item 6.

 

(F) Two-Year December 2019 GRAT

 

The Two-Year December 2019 GRAT was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year December 2019 GRAT has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year December 2019 GRAT, Mrs. Ergen is vested with sole voting and dispositive power over the 32,000,000 shares of Class B Common Stock held by the Two-Year December 2019 GRAT, except as set forth in Item 6.

 

(G) Two-Year March 2020 GRAT

 

The Two-Year March 2020 GRAT was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year March 2020 GRAT has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year March 2020 GRAT, Mrs. Ergen is vested with sole voting and dispositive power over the 22,890,835 shares of Class A Common Stock and 17,109,165 shares of Class B Common Stock held by the Two-Year March 2020 GRAT, except as set forth in Item 6.

 

(H) Two-Year June 2020 GRAT

 

The Two-Year June 2020 GRAT was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year June 2020 GRAT has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year June 2020 GRAT, Mrs. Ergen is vested with sole voting and dispositive power over the 60,000,000 shares of Class B Common Stock held by the Two-Year June 2020 GRAT, except as set forth in Item 6.

 

(I) Telluray Holdings

 

Telluray Holdings is a limited liability company organized under the laws of the State of Wyoming and its principal business is to hold a portion of the assets and estate of Mr. Ergen and to hold certain assets of certain trusts established for the benefit of his family. Its address is 1623 Central Avenue, Suite 214, Cheyenne, Wyoming 82001. Telluray Holdings has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic

 

12


 

violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Mr. Ergen and certain trusts established for the benefit of his family are the members of Telluray Holdings.  Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings.  As a manager of Telluray Holdings, Mrs. Ergen has sole voting power over the 6,699,489 shares of Class A Common Stock and 63,790,620 shares of Class B Common Stock held by Telluray Holdings.  As managers of Telluray Holdings, Mr. Ergen and Mrs. Ergen share dispositive power over the shares of Class A Common Stock and shares of Class B Common Stock held by Telluray Holdings.

 

Item 3.  Source and Amount of Funds or Other Consideration.

 

Item 3 is hereby amended and supplemented as follows:

 

The Two-Year June 2020 GRAT acquired beneficial ownership of 60,000,000 shares of Class B Common Stock of DISH Network when Mr. Ergen contributed such shares of Class B Common Stock to the Two-Year June 2020 GRAT on June 2, 2020.  Mr. Ergen established the Two-Year June 2020 GRAT for estate planning purposes.  Shares of Class B Common Stock may be exchanged for shares of Class A Common Stock on a one-for-one basis at any time.

 

The Reporting Persons may from time to time acquire shares of Class A Common Stock for investment purposes. Such Class A Common Stock may be acquired with personal funds or funds borrowed by the Reporting Persons.

 

Item 4.  Purpose of Transaction.

 

Item 4 is hereby amended and supplemented as follows:

 

As described in Item 3 above, Mr. Ergen contributed 60,000,000 shares of Class B Common Stock to the Two-Year June 2020 GRAT on June 2, 2020.  Mr. Ergen’s spouse, Cantey M. Ergen, serves as trustee of the Two-Year June 2020 GRAT and holds sole voting and dispositive power over the 60,000,000 shares of Class B Common Stock held by the Two-Year June 2020 GRAT, except as set forth in Item 6.  Mr. Ergen receives an annual annuity amount from the Two-Year June 2020 GRAT under the trust agreement governing the Two-Year June 2020 GRAT. Members of Mr. and Mrs. Ergen’s family are the beneficiaries of the Two-Year June 2020 GRAT. The Two-Year June 2020 GRAT is scheduled to expire on June 2, 2022.

 

Item 5.  Interest in Securities of the Issuer.

 

Item 5 is amended and supplemented as follows:

 

(a) This filing is for the cumulative share holdings of an affiliated group as of June 2, 2020.  See Items 11 and 13 of the cover pages to this Amendment No. 45 for the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock beneficially owned by each of the Reporting Persons.  The Reporting Persons’ beneficial ownership of shares of Class A Common Stock excludes 71,604 shares of Class A Common Stock held by certain trusts established by Mr. Ergen for the benefit of his family. Mr. Ergen and Mrs. Ergen disclaim beneficial ownership of the 63,790,620 shares of Class B Common Stock and the 6,699,489 shares of Class A Common Stock held by Telluray Holdings, except to the extent of their pecuniary interest.

 

(b)  See Items 7 through 10 of the cover pages to this Amendment No. 45 for the number of shares of Class A Common Stock beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition.

 

(c)  The Reporting Persons have not effected any transactions in the Class A Common Stock of DISH Network since the most recent filing of Schedule 13D other than as described herein.

 

(d) Not applicable.

 

13


 

(e)  Not applicable.

 

Item 6.   Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

Item 6 is hereby amended and supplemented as follows:

 

Except as disclosed below and elsewhere in this Schedule 13D, none of the Reporting Persons is party to any contracts, arrangements, understandings or relationships, including, but not limited to, transfer or voting of any of the securities of DISH Network, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies nor are any of the securities pledged or otherwise subject to a contingency the occurrence of which would give another person voting power or investment power over such securities.

 

The trust agreements for the Two-Year November 2018 GRAT, the Two-Year May 2019 GRAT, the Two-Year 2019 GRAT II, the Two-Year December 2019 GRAT, the Two-Year March 2020 GRAT and the Two-Year June 2020 GRAT contain an irrevocable provision that provides that the trustee will not dispose of any shares of DISH Network held by the Two-Year November 2018 GRAT, the Two-Year May 2019 GRAT, the Two-Year 2019 GRAT II, the Two-Year December 2019 GRAT, the Two-Year March 2020 GRAT or the Two-Year June 2020 GRAT unless a Change of Control Event occurs.  If a Change of Control Event occurs, the trustee of the Two-Year November 2018 GRAT, the Two-Year May 2019 GRAT, the Two-Year 2019 GRAT II, the Two-Year December 2019 GRAT, the Two-Year March 2020 GRAT or the Two-Year June 2020 GRAT will have sole discretion with respect to the disposition of any shares of DISH Network held by the Two-Year November 2018 GRAT, the Two-Year May 2019 GRAT, the Two-Year 2019 GRAT II, the Two-Year December 2019 GRAT, the Two-Year March 2020 GRAT and the Two-Year June 2020 GRAT, respectively.

 

A “Change of Control Event” will occur if: (i) as the result of a transaction or a series of transactions any person other than Charles W. Ergen (or a Related Party) individually owns more than fifty percent (50%) of the total Equity Interests of either: (A) DISH Network; or (B) the surviving entity in any such transaction(s) or a controlling affiliate of such surviving entity in such transaction(s); and (ii) a majority of the members of the Board of Directors of DISH Network are no longer Continuing Directors; and (iii) as the result of a transaction or a series of transactions any person other than Charles W. Ergen (or a Related Party) individually owns more than fifty percent (50%) of the total voting power of either: (A) DISH Network; or (B) the surviving entity in any such transaction(s) or a controlling affiliate of such surviving entity in such transaction(s); and (iv) Charles W. Ergen sells Equity Interests of DISH Network such that he owns beneficially less than 50% of the total Equity Interests that he owned beneficially immediately following the grant of shares to the Two-Year November 2018 GRAT, the Two-Year May 2019 GRAT, the Two-Year 2019 GRAT II, the Two-Year December 2019 GRAT, the Two-Year March 2020 GRAT or the Two-Year June 2020 GRAT, as applicable.

 

For purposes of the definition of “Change of Control Event”:

 

“Continuing Director” means, as of any date of determination, any member of the Board of Directors of DISH Network who:  (a) was a member of such Board of Directors on the date on which the applicable grantor retained annuity trust was established; or (b) was nominated for election or elected to such Board of Directors either (x) with the affirmative vote of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election or (y) by Charles W. Ergen and his Related Parties.

 

“Equity Interest” means any capital stock of DISH Network and all warrants, options or other rights to acquire capital stock of DISH Network (but excluding any debt security that is convertible into, or exchangeable for, capital stock of DISH Network).

 

“Related Party” means, (a) Charles W. Ergen’s spouse and each of his immediate family members; (b) each trust, corporation, partnership or other entity of which Charles W. Ergen beneficially holds an eighty percent (80%) or more controlling interest or that was created for estate planning purposes including without limitation the grantor

 

14


 

retained annuity trusts; and (c) the personal representatives, administrators, executor, guardians, or any person(s) or entit(ies) to which Charles W. Ergen’s shares of DISH Network are transferred as a result of a transfer by will or the applicable laws of descent and distribution.

 

Item 7.   Material to be Filed as Exhibits.

 

Item 7 is hereby amended and supplemented as follows:

 

Exhibit A: Agreement of Joint Filing.

 

15


 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

CHARLES W. ERGEN

 

 

 

 

 

/s/ Charles W. Ergen

Dated: June 3, 2020

Charles W. Ergen

 

 

 

 

 

CANTEY M. ERGEN

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen

 

 

 

 

 

ERGEN TWO-YEAR NOVEMBER 2018 DISH GRAT

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

 

 

 

 

ERGEN TWO-YEAR MAY 2019 DISH GRAT

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

 

 

 

 

ERGEN TWO-YEAR 2019 DISH GRAT II

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

16


 

 

ERGEN TWO-YEAR DECEMBER 2019 DISH GRAT

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

 

 

 

 

ERGEN TWO-YEAR MARCH 2020 DISH GRAT

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

 

 

 

 

ERGEN TWO-YEAR JUNE 2020 DISH GRAT

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

 

 

 

 

TELLURAY HOLDINGS, LLC

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Manager

 

Attention: Intentional misstatements or omissions of fact

constitutes Federal criminal violations (See 18 U.S.C. 1001)

 

17


 

EXHIBIT INDEX

 

Exhibit A:                                         Agreement of Joint Filing.

 

18


 

EXHIBIT A

 

Agreement of Joint Filing

 

Pursuant to Rule 13d-1(k)(l)(iii) of Regulation 13D-G of the General Rules and Regulations of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, the undersigned agree that the statement on Schedule 13D/A to which this Exhibit is attached is filed on behalf of each of them in the capacities set forth below.

 

 

CHARLES W. ERGEN

 

 

 

 

 

/s/ Charles W. Ergen

Dated: June 3, 2020

Charles W. Ergen

 

 

 

 

 

CANTEY M. ERGEN

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen

 

 

 

 

 

ERGEN TWO-YEAR NOVEMBER 2018 DISH GRAT

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

 

 

 

 

ERGEN TWO-YEAR MAY 2019 DISH GRAT

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

 

 

 

 

ERGEN TWO-YEAR 2019 DISH GRAT II

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

19


 

 

ERGEN TWO-YEAR DECEMBER 2019 DISH GRAT

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

 

 

 

 

ERGEN TWO-YEAR MARCH 2020 DISH GRAT

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

 

 

 

 

ERGEN TWO-YEAR JUNE 2020 DISH GRAT

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Trustee

 

 

 

 

 

TELLURAY HOLDINGS, LLC

 

 

 

 

 

/s/ Cantey M. Ergen

Dated: June 3, 2020

Cantey M. Ergen, Manager

 

20