Sec Form 4 Filing - ERGEN CHARLES W @ DISH Network CORP - 2020-12-22

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
ERGEN CHARLES W
2. Issuer Name and Ticker or Trading Symbol
DISH Network CORP [ DISH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CHAIRMAN
(Last) (First) (Middle)
9601 S. MERIDIAN BLVD.
3. Date of Earliest Transaction (MM/DD/YY)
12/22/2020
(Street)
ENGLEWOOD, CO80112
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 12/22/2020 G V 320 D $ 0 3,260,499 D
Class A Common Stock 322 I By spouse ( 1 )
Class A Common Stock 20,970 I By 401(K) ( 2 )
Class A Common Stock 2,586 I By 401(K) of spouse ( 3 )
Class A Common Stock 10,957 I By child ( 4 )
Class A Common Stock 2,168,975 I By charitable foundation ( 5 )
Class A Common Stock 6,658 I By trust ( 6 )
Class A Common Stock 22,890,835 I By The Ergen Two-Year March 2020 DISH GRAT ( 7 )
Class A Common Stock 6,699,489 I By Telluray Holdings, LLC ( 8 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Class B Common Stock ( 9 ) 12/22/2020 G( 10 ) V 42,000,000 ( 9 ) ( 9 ) Class A Common Stock 42,000,000 $ 0 373,593 D
Class B Common Stock ( 9 ) 12/22/2020 G( 10 ) V 42,000,000 ( 9 ) ( 9 ) Class A Common Stock 42,000,000 $ 0 42,000,000 I I ( 10 )
Class B Common Stock ( 9 ) ( 9 ) ( 9 ) Class A Common Stock 22,159,284 22,159,284 I I ( 11 )
Class B Common Stock ( 9 ) ( 9 ) ( 9 ) Class A Common Stock 14,132,316 14,132,316 I I ( 12 )
Class B Common Stock ( 9 ) ( 9 ) ( 9 ) Class A Common Stock 60,000,000 60,000,000 I I ( 13 )
Class B Common Stock ( 9 ) ( 9 ) ( 9 ) Class A Common Stock 17,109,165 17,109,165 I I ( 7 )
Class B Common Stock ( 9 ) ( 9 ) ( 9 ) Class A Common Stock 63,790,620 63,790,620 I I ( 8 )
Class B Common Stock ( 9 ) ( 9 ) ( 9 ) Class A Common Stock 18,488,257 18,488,257 I I ( 14 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ERGEN CHARLES W
9601 S. MERIDIAN BLVD.
ENGLEWOOD, CO80112
X X CHAIRMAN
ERGEN CANTEY
9601 S. MERIDIAN BLVD.
ENGLEWOOD, CO80112
X X
Signatures
/s/ Charles W. Ergen by Brandon Ehrhart, Attorney-in-Fact 12/28/2020
Signature of Reporting Person Date
/s/ Cantey M. Ergen by Brandon Ehrhart, Attorney-in-Fact 12/28/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Held by Mrs. Cantey M. Ergen, Mr. Ergen's spouse.
( 2 )Held by Mr. Charles W. Ergen in a 401(k) account.
( 3 )Held by Mrs. Cantey M. Ergen in a 401(k) account.
( 4 )The shares are owned beneficially by the reporting persons' child. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
( 5 )The shares are held by a charitable foundation. The reporting persons are officers of the charitable foundation and share voting and dispositive power for the foundation. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
( 6 )The shares are owned beneficially by a trust for which Mrs. Cantey M. Ergen holds a durable power of attorney for the beneficiary. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
( 7 )The Ergen Two-Year March 2020 DISH GRAT holds 22,890,835 Class A shares and 17,109,165 Class B shares and is scheduled to expire in accordance with its terms on March 16, 2022. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
( 8 )The shares are held by Telluray Holdings, LLC. Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings, LLC. Mrs. Ergen, as a manager of Telluray Holdings, LLC, has sole voting power over the Class A shares and Class B shares held by Telluray Holdings, LLC, and Mr. Ergen and Mrs. Ergen, as the managers of Telluray Holdings, LLC, share dispositive power over the Class A shares and Class B shares held by Telluray Holdings, LLC. The reporting persons disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
( 9 )The holder of Class B shares may elect to convert any or all of its Class B shares into an equal number of Class A shares at any time for no additional consideration.
( 10 )On December 22, 2020, Charles W. Ergen established the Ergen Two-Year December 2020 DISH GRAT (the "Two-Year December 2020 DISH GRAT") and contributed 42,000,000 Class B shares to the Two-Year December 2020 DISH GRAT. The Two-Year December 2020 DISH GRAT may elect to convert any or all of its Class B shares into an equal number of Class A shares at any time for no additional consideration. The Two-Year December 2020 DISH GRAT is scheduled to expire in accordance with its terms on December 22, 2022. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
( 11 )The Ergen Two-Year May 2019 DISH GRAT holds 22,159,284 Class B shares and is scheduled to expire in accordance with its terms on May 20, 2021. Mrs. Cantey M. Ergen serves as thetrustee of such GRAT.
( 12 )The Ergen Two-Year 2019 DISH GRAT II holds 14,132,316 Class B shares and is scheduled to expire in accordance with its terms on May 30, 2021. Mrs. Cantey M. Ergen serves as the trusteeof such GRAT.
( 13 )The Ergen Two-Year June 2020 DISH GRAT holds 60,000,000 Class B shares and is scheduled to expire in accordance with its terms on June 2, 2022. Mrs. Cantey M. Ergen serves as thetrustee of such GRAT.
( 14 )The Ergen Two-Year December 2019 DISH GRAT holds 18,488,257 Class B Shares and is scheduled to expire in accordance with its terms on December 3, 2021. Mrs. Cantey M.Ergen serves as the trustee of such GRAT.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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