0001415889-24-010122.txt : 20240403 0001415889-24-010122.hdr.sgml : 20240403 20240403175043 ACCESSION NUMBER: 0001415889-24-010122 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240401 FILED AS OF DATE: 20240403 DATE AS OF CHANGE: 20240403 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Schanman Gary CENTRAL INDEX KEY: 0002003129 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33807 FILM NUMBER: 24820462 MAIL ADDRESS: STREET 1: 9601 S. MERIDIAN BLVD. CITY: ENGLEWOOD STATE: CO ZIP: 80112 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EchoStar CORP CENTRAL INDEX KEY: 0001415404 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] ORGANIZATION NAME: 06 Technology IRS NUMBER: 261232727 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 9601 SOUTH MERIDIAN BOULEVARD CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 303-723-1000 MAIL ADDRESS: STREET 1: 9601 SOUTH MERIDIAN BOULEVARD CITY: ENGLEWOOD STATE: CO ZIP: 80112 FORMER COMPANY: FORMER CONFORMED NAME: EchoStar Holding CORP DATE OF NAME CHANGE: 20071017 4 1 form4-04032024_090436.xml X0508 4 2024-04-01 0001415404 EchoStar CORP SATS 0002003129 Schanman Gary 9601 S. MERIDIAN BLVD. ENGLEWOOD CO 80112 false true false false EVP, G PRES, VIDEO SRVS 0 Employee Stock Option (Right to Buy) 52.36 2024-04-01 4 D 0 28070 0 D 2032-07-01 Class A Common Stock 28070 0 D Employee Stock Option (Right to Buy) 52.36 2024-04-01 4 D 0 14034 0 D 2032-07-01 Class A Common Stock 14034 0 D Employee Stock Option (Right to Buy) 52.36 2024-04-01 4 D 0 17543 0 D 2033-07-01 Class A Common Stock 17543 0 D Employee Stock Option (Right to Buy) 14.04 2024-04-01 4 A 0 12630 0 A 2034-04-01 Class A Common Stock 12630 12630 D Employee Stock Option (Right to Buy) 14.04 2024-04-01 4 A 0 40000 0 A 2034-04-01 Class A Common Stock 40000 40000 D Employee Stock Option (Right to Buy) 14.04 2024-04-01 4 A 0 7017 0 A 2034-04-01 Class A Common Stock 7017 7017 D 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. The shares underlying these options vest 20% per year on each of July 1, 2023, July 1, 2024, July 1, 2025, July 1, 2026 and July 1, 2027. The grant is subject to achievement of certain performance criteria prior to December 31, 2026 and will vest based on achievement of such criteria. The performance criteria are not tied to the market price of the Issuer's securities. The shares underlying these options vest 20% per year on each of July 1, 2024, July 1, 2025, July 1, 2026, July 1, 2027 and July 1, 2028. 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. 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. /s/ Gary Schanman, by Dean A. Manson, Attorney-in-Fact 2024-04-03