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)
04/24/2012
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. 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 04/24/2012 M 80,000 A $20.01 871,502 D
Class A Common Stock 04/24/2012 M 400,000 A $21.56 1,271,502 D
Class A Common Stock 04/24/2012 M 500,000 A $23.64 1,771,502 D
Class A Common Stock 04/24/2012 M 400,000 A $24.73 2,171,502 D
Class A Common Stock 14,320 I I(1)
Class A Common Stock 235 I I(2)
Class A Common Stock 19,370 I I(3)
Class A Common Stock 1,669 I I(4)
Class A Common Stock 27,000 I I(5)
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
Employee Stock Option (Right to Buy) $20.01 04/24/2012 M 80,000 (6) 03/31/2013 Class A Common Stock 80,000 $0 0 D
Employee Stock Option (Right to Buy) $21.56 04/24/2012 M 400,000 (7) 06/30/2014 Class A Common Stock 400,000 $0 0 D
Employee Stock Options (Right to Buy) $23.64 04/24/2012 M 500,000 (8) 12/31/2014 Class A Common Stock 500,000 $0 0 D
Employee Stock Options (Right to Buy) $24.73 04/24/2012 M 400,000 (9) 03/31/2018 Class A Common Stock 400,000 $0 100,000 D
Explanation of Responses:
1. The shares are held by a custodian for the reporting person's children. The reporting person disclaims beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
2. Held by Ms. Cantey Ergen.
3. Held by Mr. Charlie Ergen in a 401(k) account.
4. Held by Ms. Cantey Ergen in a 401(k) account.
5. The shares are held by a charitable foundation. The reporting person is an officer of the charitable foundation and has both investment control and voting power for the foundation. The reporting person disclaims beneficial ownership of the shares, except to the extent of their pecuniary interest therein.
6. The shares underlying the option vest at the rate of 20% per year, commencing on March 31, 2004.
7. The shares underlying the option vest at the rate of 20% per year, commencing on June 30, 2005.
8. The shares underlying the option vest at the rate of 20% per year, commencing on December 31, 2005.
9. The shares underlying the option vest at the rate of 20% per year, commencing on March 31, 2009.
Remarks:
/s/ Charles W. Ergen, by Brandon Ehrhart, his Attorney in Fact 04/26/2012
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.