4//SEC Filing
Manson Dean 4
Accession 0001415889-24-010127
CIK 0001415404other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 5:52 PM ET
Size
17.9 KB
Accession
0001415889-24-010127
Insider Transaction Report
Form 4
EchoStar CORPSATS
Manson Dean
Acting General Counsel
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2024-04-01−57,537→ 0 totalExercise: $44.99Exp: 2025-04-01→ Class A Common Stock (57,537 underlying) - Disposition to Issuer
Class A Common Stock (Right to Buy)
2024-04-01−11,506→ 0 totalExercise: $38.19Exp: 2026-04-01→ Class A Common Stock (11,506 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2024-04-01−100,000→ 0 totalExercise: $38.89Exp: 2029-10-01→ Class A Common Stock (100,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2024-04-01−100,000→ 0 totalExercise: $25.21Exp: 2032-04-01→ Class A Common Stock (100,000 underlying) - Award
Employee Stock Option (Right to Buy)
2024-04-01+132,331→ 132,331 totalExercise: $14.04Exp: 2034-04-01→ Class A Common Stock (132,331 underlying) - Award
Employee Stock Option (Right to Buy)
2024-04-01+56,000→ 56,000 totalExercise: $14.04Exp: 2034-04-01→ Class A Common Stock (56,000 underlying)
Footnotes (7)
- [F1]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.
- [F2]The shares underlying the option vest at the rate of 20% per year, commencing on April 1, 2016.
- [F3]The shares underlying the option vest at the rate of 20% per year, commencing on April 1, 2017.
- [F4]The shares underlying the option vest at the rate of 20% per year, commencing on October 1, 2020.
- [F5]The shares underlying the option vest at the rate of 20% per year, commencing on April 1, 2023.
- [F6]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.
- [F7]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.
Documents
Issuer
EchoStar CORP
CIK 0001415404
Entity typeother
Related Parties
1- filerCIK 0001353333
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 5:52 PM ET
- Size
- 17.9 KB