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SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ERGEN CHARLES W

(Last) (First) (Middle)
9601 S. MERIDIAN BLVD.

(Street)
ENGLEWOOD CO 80112

(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
12/22/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 12/23/2022 G V 700 D $0 1,084,743 D
Class A Common Stock 353 I I(1)
Class A Common Stock 21,447 I I(2)
Class A Common Stock 2,732 I I(3)
Class A Common Stock 10,957 I I(4)
Class A Common Stock 2,168,975 I I(5)
Class A Common Stock 6,699,489 I I(6)
Class A Common Stock 25,000,000 I I(7)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 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: 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 (8) 12/22/2022 G(9) V 24,298,841 (8) (8) Class A Common Stock 24,298,841 $0 0 I I(9)
Class B Common Stock (8) 12/22/2022 G(9) V 24,298,841 (8) (8) Class A Common Stock 24,298,841 $0 55,357,301 D
Class B Common Stock (8) 12/22/2022 G(10) V 55,000,000 (8) (8) Class A Common Stock 55,000,000 $0 357,301 D
Class B Common Stock (8) 12/22/2022 G(10) V 55,000,000 (8) (8) Class A Common Stock 55,000,000 $0 55,000,000 I I(10)
Class B Common Stock (8) (8) (8) Class A Common Stock 63,790,620 63,790,620 I I(6)
Class B Common Stock (8) (8) (8) Class A Common Stock 2,645,957 2,645,957 I I(11)
Class B Common Stock (8) (8) (8) Class A Common Stock 4,857,982 4,857,982 I I(12)
Class B Common Stock (8) (8) (8) Class A Common Stock 87,000,000 87,000,000 I I(13)
Class B Common Stock (8) (8) (8) Class A Common Stock 1,983,348 1,983,348 I I(14)
Class B Common Stock (8) (8) (8) Class A Common Stock 22,800,000 22,800,000 I I(7)
1. Name and Address of Reporting Person*
ERGEN CHARLES W

(Last) (First) (Middle)
9601 S. MERIDIAN BLVD.

(Street)
ENGLEWOOD CO 80112

(City) (State) (Zip)
1. Name and Address of Reporting Person*
ERGEN CANTEY

(Last) (First) (Middle)
9601 S. MERIDIAN BLVD.

(Street)
ENGLEWOOD CO 80112

(City) (State) (Zip)
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 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.
7. The Ergen Two-Year May 2022 DISH GRAT holds 25,000,000 Class A shares and 22,800,000 Class B shares and is scheduled to expire in accordance with its terms on May 12, 2024. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
8. The holder of the 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.
9. Pursuant to the terms of the Ergen Two-Year December 2020 DISH GRAT, 24,298,841 Class B shares were distributed as an annuity to Mr. Ergen on December 22, 2022. Following this distribution, the Ergen Two-Year December 2020 GRAT expired pursuant to its terms.
10. On December 22, 2022, Charles W. Ergen established the Ergen Two-Year December 2022 DISH GRAT (the "Two-Year December 2022 DISH GRAT") and contributed 55,000,000 Class B shares to the Two-Year December 2022 DISH GRAT. The Two-Year December 2022 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 2022 DISH GRAT is scheduled to expire in accordance with its terms on December 22, 2024. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
11. The Ergen Two-Year June 2021 DISH GRAT holds 2,645,957 Class B shares and is scheduled to expire in accordance with its terms on June 3, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
12. The Ergen Two-Year March 2021 DISH GRAT holds 4,857,982 Class B shares and is scheduled to expire in accordance with its terms on March 30, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
13. The Ergen Two-Year June 2022 DISH GRAT holds 87,000,000 Class B shares and is scheduled to expire in accordance with its terms on June 23, 2024. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
14. The Ergen Two-Year December 2021 DISH GRAT holds 1,983,348 Class B Shares and is scheduled to expire in accordance with its terms on December 3, 2023. Mrs. Cantey M. Ergen serves as the trustee of such GRAT.
/s/ Charles W Ergen, by Brandon Ehrhart, , Attorney-in-Fact 12/27/2022
/s/ Cantey M. Ergen, by Brandon Ehrhart, Attorney-in-Fact 12/27/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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