Statement of Changes in Beneficial Ownership (4)
14 November 2019 - 8:05AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
DUGAN MICHAEL T |
2. Issuer Name and Ticker or Trading Symbol
EchoStar CORP
[
SATS
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO and President |
(Last)
(First)
(Middle)
100 INVERNESS TERRACE EAST |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/11/2019 |
(Street)
ENGLEWOOD, CO 80112
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Class A Common Stock | 11/11/2019 | | M | | 48641 | A | $17.51 | 73787 | D | |
Class A Common Stock | 11/11/2019 | | S | | 31508 | D | $41.61 (1) | 42279 | D | |
Class A Common Stock | 11/12/2019 | | M | | 22348 | A | $17.51 | 64627 | D | |
Class A Common Stock | 11/12/2019 | | S | | 22348 | D | $41.53 (2) | 42279 | D | |
Class A Common Stock | | | | | | | | 1913 | I | By 401(k) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (Right to Buy) | $17.51 | 11/11/2019 (3) | | M | | | 48641 (3) | (4) | 12/31/2019 | Class A Common Stock | 48641.0 (3) | $0 | 78293 | D | |
Employee Stock Option (Right to Buy) | $17.51 | 11/12/2019 | | M | | | 22348 | (4) | 12/31/2019 | Class A Common Stock | 22348.0 | $0 | 55945 | D | |
Explanation of Responses: |
(1) | The price reported is the weighted average price. The shares reported in this transaction were sold at prices ranging between $41.50 and $41.89. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the indicated range. |
(2) | The price reported is the weighted average price. The shares reported in this transaction were sold at prices ranging between $41.50 and $41.63. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the indicated range. |
(3) | This option was previously reported as an option for 110,306 shares of Class A common stock at an exercise price of $20.14 per share, but was adjusted to reflect the spin-off of the Issuer's broadcast satellite services business and certain related assets and business operations that occurred on September 10, 2019. As a result of the spin-off, the option also entitled the reporting person to receive, upon exercise, 16,628 shares of Class A common stock for no additional consideration. |
(4) | The shares underlying the option vest at the rate of one-third per year, commencing on December 31, 2010. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
DUGAN MICHAEL T 100 INVERNESS TERRACE EAST ENGLEWOOD, CO 80112 | X |
| CEO and President |
|
Signatures
|
By: /s/ Joseph Turitz, his attorney-in-fact | | 11/13/2019 |
**Signature of Reporting Person | Date |
EchoStar (NASDAQ:SATSV)
Historical Stock Chart
From Oct 2024 to Nov 2024
EchoStar (NASDAQ:SATSV)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about EchoStar Corporation (NASDAQ): 0 recent articles
More Echostar Corp News Articles