Filing Details

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D/A

 

Under the Securities Exchange Act of 1934
(Amendment No. 43)*

 

(Name of Issuer)

 

(Title of Class of Securities)

 

(CUSIP Number)

 

Timothy A. Messner

Executive Vice President and General Counsel

DISH Network Corporation

9601 S. Meridian Blvd.

Englewood, Colorado 80112

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

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 control number.

 

 

 

CUSIP No.  25470M 109

 

1	Name of Reporting Person
	Charles W. Ergen
2	Check the Appropriate Box if a Member of a Group:
	(a)  £
	(b)  x
3	SEC Use Only
4	Source of Funds
	OO
5	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
	£
6	Citizenship or Place of Organization
	U.S.A.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power
			48,221,580 SHARES (1) (2)
			53,334 SIXTY DAY SHARES (3)
		8	Shared Voting Power
			225,275,103 SHARES (1) (4)
		9	Sole Dispositive Power
			48,221,580 SHARES (1) (2)
			53,334 SIXTY DAY SHARES (3)
		10	Shared Dispositive Power
			225,275,103 SHARES (1) (4)
11	Aggregate Amount Beneficially Owned by the Reporting Person
	273,550,017
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares
	o
13	Percent of Class Represented by Amount in Row (11)
	Approximately 52.2% (5)
14	Type of Reporting Person
	IN

 

(1) Includes shares of Class A Common Stock (Class A Common Stock) and Class B Common Stock (Class B Common Stock) of DISH Network Corporation (DISH Network).  The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Consists of: (i) 1,787,106 shares of Class A Common Stock owned beneficially directly by Mr. Ergen; (ii) 20,970 shares of Class A Common Stock owned beneficially indirectly by Mr. Ergen through DISH Networks 401(k) Employee Savings Plan; and (iii) 46,413,504 shares of Class B Common Stock owned beneficially directly by Mr. Ergen.

 

(3) Sixty Day Shares are shares of Class A Common Stock deemed to be owned beneficially under Rule 13d-3(d)(1) because Mr. Ergen has the right to acquire beneficial ownership of such shares within 60 days of the date hereof.

 

(4) Consists of: (i) 257 shares of Class A Common Stock owned beneficially directly by Mr. Ergens spouse, Cantey M. Ergen; (ii) 2,586 shares of Class A Common Stock owned beneficially indirectly by Mrs. Ergen through DISH Networks 401(k) Employee Savings Plan; (iii) 10,957 shares of Class A Common Stock owned beneficially by one of Mr. and Mrs. Ergens children; (iv) 2,168,975 shares of Class A Common Stock held by a charitable foundation for which Mr. Ergen is an officer and for which he shares voting and dispositive power with Mrs. Ergen; (v) 6,658 shares of Class A Common Stock held by a trust for which Mrs. Ergen has a durable power of attorney on behalf of the beneficiary of the trust; (vi) 63,790,620 shares of Class B Common Stock and 6,699,489 shares of Class A Common Stock held by Telluray Holdings, LLC (Telluray Holdings), for which Mrs. Ergen has sole voting power as a manager of Telluray Holdings and for which Mr. Ergen and Mrs. Ergen share dispositive power as the managers of Telluray Holdings; (vii) 26,962,635 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year November 2018 DISH GRAT (the Two-Year November 2018 GRAT); (viii) 22,159,284 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year May 2019 DISH GRAT (the Two-Year May 2019 GRAT); (ix) 30,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year 2019 DISH GRAT II (the Two-Year 2019 GRAT II); (x) 32,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year December 2019 DISH GRAT (the Two-Year December 2019 GRAT); (xi) 22,890,835 shares of Class A Common Stock and 17,109,165 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Ergen Two-Year March 2020 DISH GRAT (the Two-Year March 2020 GRAT); and (xii) 1,473,642 shares of Class A Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of certain other trusts established by Mr. Ergen for the benefit of his family.

 

(5) Based on 285,724,384 shares of Class A Common Stock outstanding on May 19, 2020 and assuming conversion of all the shares of Class B Common Stock held by Mr. Ergen into Class A Common Stock. Because each share of Class B Common Stock is entitled to 10 votes per share, Mr. Ergen owns beneficially equity securities of DISH Network representing approximately 91.0% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

2

 

CUSIP No.  25470M 109

 

1	Name of Reporting Person
	Cantey M. Ergen
2	Check the Appropriate Box if a Member of a Group:
	(a)  £
	(b)  x
3	SEC Use Only
4	Source of Funds
	OO
5	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
	£
6	Citizenship or Place of Organization
	U.S.A.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power
			223,088,513 SHARES (1) (2) 5,000 SIXTY DAY SHARES (3)
		8	Shared Voting Power
			50,408,170 SHARES (1) (4)
		9	Sole Dispositive Power
			152,598,404 SHARES (1) (5) 5,000 SIXTY DAY SHARES (3)
		10	Shared Dispositive Power
			120,898,279 SHARES (1) (6)
11	Aggregate Amount Beneficially Owned by the Reporting Person
	273,501,683
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares
	o
13	Percent of Class Represented by Amount in Row (11)
	Approximately 52.2% (7)
14	Type of Reporting Person
	IN

 

(1)  Includes shares of Class A Common Stock and Class B Common Stock.  The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Consists of: (i) 257 shares of Class A Common Stock owned beneficially directly by Mrs. Ergen; (ii) 2,586 shares of Class A Common Stock owned beneficially indirectly by Mrs. Ergen through DISH Networks 401(k) Employee Savings Plan; (iii) 63,790,620 shares of Class B Common Stock and 6,699,489 shares of Class A Common Stock held by Telluray Holdings, for which Mrs. Ergen has sole voting power as a manager of Telluray Holdings; (iv) 26,962,635 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year November 2018 GRAT; (v) 22,159,284 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year May 2019 GRAT; (vi) 30,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year 2019 GRAT II; (vii) 32,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year December 2019 GRAT; (viii) 22,890,835 shares of Class A Common Stock and 17,109,165 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year March 2020 GRAT; and (ix) 1,473,642 shares of Class A Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of certain other trusts established by Mr. Ergen for the benefit of his family.  There is no arrangement or agreement between Telluray Holdings and any of the trusts identified in clauses (iv) - (ix) above to vote any shares of DISH Network.  Mrs. Ergen exercises voting power with respect to Telluray Holdings and each such trust independently, and with respect to the trusts identified in clauses (iv) through (ix), in accordance with her fiduciary responsibilities to the beneficiaries of such trusts.

 

(3) Sixty Day Shares are shares of Class A Common Stock deemed to be owned beneficially under Rule 13d-3(d)(1) because Mrs. Ergen has the right to acquire beneficial ownership of such shares within 60 days of the date hereof.

 

(4) Consists of: (i) 1,787,106 shares of Class A Common Stock owned beneficially directly by Mr. Ergen, Mrs. Ergens spouse; (ii) 20,970 shares of Class A Common Stock owned beneficially indirectly by Mr. Ergen through DISH Networks 401(k) Employee Savings Plan; (iii) 46,413,504 shares of Class B Common Stock owned beneficially directly by Mr. Ergen; (iv) 10,957 shares of Class A Common Stock owned beneficially by one of Mr. and Mrs. Ergens children; (v) 2,168,975 shares of Class A Common Stock held by a charitable foundation for which Mrs. Ergen is an officer and for which she shares voting and dispositive power with Mr. Ergen; and (vi) 6,658 shares of Class A Common Stock held by a trust for which Mrs. Ergen has a durable power of attorney on behalf of the beneficiary of the trust.

 

(5) Consists of: (i) 257 shares of Class A Common Stock owned beneficially directly by Mrs. Ergen; (ii) 2,586 shares of Class A Common Stock owned beneficially indirectly by Mrs. Ergen through DISH Networks 401(k) Employee Savings Plan; (iii) 26,962,635 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year November 2018 GRAT; (iv) 22,159,284 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year May 2019 GRAT; (v) 30,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year 2019 GRAT II; (vi) 32,000,000 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year December 2019 GRAT; (vii) 22,890,835 shares of Class A Common Stock and 17,109,165 shares of Class B Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of the Two-Year March 2020 GRAT; and (viii) 1,473,642 shares of Class A Common Stock owned beneficially by Mrs. Ergen solely by virtue of her position as trustee of certain other trusts established by Mr. Ergen for the benefit of his family.  There is no arrangement or agreement between any of the trusts identified in clauses (iii) - (viii) above to dispose of any shares of DISH Network.  Mrs. Ergen exercises dispositive power with respect to each such trust independently and in accordance with her fiduciary responsibilities to the beneficiaries of such trusts.

 

(6) Consists of: (i) 1,787,106 shares of Class A Common Stock owned beneficially directly by Mr. Ergen, Mrs. Ergens spouse; (ii) 20,970 shares of Class A Common Stock owned beneficially indirectly by Mr. Ergen through DISH Networks 401(k) Employee Savings Plan; (iii) 46,413,504 shares of Class B Common Stock owned beneficially directly by Mr. Ergen; (iv) 10,957 shares of Class A Common Stock owned beneficially by one of Mr. and Mrs. Ergens children; (v) 2,168,975 shares of Class A Common Stock held by a charitable foundation for which Mrs. Ergen is an officer and for which she shares voting and dispositive power with Mr. Ergen; (vi) 6,658 shares of Class A Common Stock held by a trust for which Mrs. Ergen has a durable power of attorney on behalf of the beneficiary of the trust; and (vii) 63,790,620 shares of Class B Common Stock and 6,699,489 shares of Class A Common Stock held by Telluray Holdings, for which Mr. Ergen and Mrs. Ergen share dispositive power as the managers of Telluray Holdings.

 

(7) Based on 285,724,384 shares of Class A Common Stock outstanding on May 19, 2020 and assuming conversion of all the shares of Class B Common Stock held by Mrs. Ergen into Class A Common Stock. Because each share of Class B Common Stock is entitled to 10 votes per share, Mrs. Ergen owns beneficially equity securities of DISH Network representing approximately 91.0% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

3

 

CUSIP No.  25470M 109

 

1	Name of Reporting Person
	Ergen Two-Year November 2018 DISH GRAT
2	Check the Appropriate Box if a Member of a Group:
	(a)  £
	(b)  x
3	SEC Use Only
4	Source of Funds
	OO
5	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
	£
6	Citizenship or Place of Organization
	Colorado
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power
			26,962,635 SHARES (1)
		8	Shared Voting Power
			0
		9	Sole Dispositive Power
			26,962,635 SHARES (1)
		10	Shared Dispositive Power
			0
11	Aggregate Amount Beneficially Owned by the Reporting Person
	26,962,635 SHARES
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares
	o
13	Percent of Class Represented by Amount in Row (11)
	Approximately 8.6% (2)
14	Type of Reporting Person
	OO

 

(1) All of the shares beneficially held by the Two-Year November 2018 GRAT are shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,724,384 shares of Class A Common Stock outstanding on May 19, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year November 2018 GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year November 2018 GRAT may be deemed to own beneficially would be approximately 5.1%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year November 2018 GRAT owns beneficially equity securities of DISH Network representing approximately 10.1% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

4

 

CUSIP No.  25470M 109

 

1	Name of Reporting Person
	Ergen Two-Year May 2019 DISH GRAT
2	Check the Appropriate Box if a Member of a Group:
	(a)  £
	(b)  x
3	SEC Use Only
4	Source of Funds
	OO
5	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
	£
6	Citizenship or Place of Organization
	Colorado
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power
			22,159,284 SHARES (1)
		8	Shared Voting Power
			0
		9	Sole Dispositive Power
			22,159,284 SHARES (1)
		10	Shared Dispositive Power
			0
11	Aggregate Amount Beneficially Owned by the Reporting Person
	22,159,284 SHARES
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares
	o
13	Percent of Class Represented by Amount in Row (11)
	Approximately 7.2% (2)
14	Type of Reporting Person
	OO

 

(1) All of the shares beneficially held by the Two-Year May 2019 GRAT are shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,724,384 shares of Class A Common Stock outstanding on May 19, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year May 2019 GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year May 2019 GRAT may be deemed to own beneficially would be approximately 4.2%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year May 2019 GRAT owns beneficially equity securities of DISH Network representing approximately 8.3% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

5

 

CUSIP No.  25470M 109

 

1	Name of Reporting Person
	Ergen Two-Year 2019 DISH GRAT II
2	Check the Appropriate Box if a Member of a Group:
	(a)  £
	(b)  x
3	SEC Use Only
4	Source of Funds
	OO
5	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
	£
6	Citizenship or Place of Organization
	Colorado
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power
			30,000,000 SHARES (1)
		8	Shared Voting Power
			0
		9	Sole Dispositive Power
			30,000,000 SHARES (1)
		10	Shared Dispositive Power
			0
11	Aggregate Amount Beneficially Owned by the Reporting Person
	30,000,000 SHARES
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares
	o
13	Percent of Class Represented by Amount in Row (11)
	Approximately 9.5% (2)
14	Type of Reporting Person
	OO

 

(1) All of the shares beneficially held by the Two-Year 2019 GRAT II are shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,724,384 shares of Class A Common Stock outstanding on May 19, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year 2019 GRAT II into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year 2019 GRAT II  may be deemed to own beneficially would be approximately 5.7%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year 2019 GRAT II owns beneficially equity securities of DISH Network representing approximately 11.2% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

6

 

CUSIP No.  25470M 109

 

1	Name of Reporting Person
	Ergen Two-Year December 2019 DISH GRAT
2	Check the Appropriate Box if a Member of a Group:
	(a)  £
	(b)  x
3	SEC Use Only
4	Source of Funds
	OO
5	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
	£
6	Citizenship or Place of Organization
	Colorado
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power
			32,000,000 SHARES (1)
		8	Shared Voting Power
			0
		9	Sole Dispositive Power
			32,000,000 SHARES (1)
		10	Shared Dispositive Power
			0
11	Aggregate Amount Beneficially Owned by the Reporting Person
	32,000,000 SHARES
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares
	o
13	Percent of Class Represented by Amount in Row (11)
	Approximately 10.1% (2)
14	Type of Reporting Person
	OO

 

(1) All of the shares beneficially held by the Two-Year December 2019 GRAT are shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,724,384 shares of Class A Common Stock outstanding on May 19, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year December 2019 GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year December 2019 GRAT may be deemed to own beneficially would be approximately 6.1%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year December 2019 GRAT owns beneficially equity securities of DISH Network representing approximately 12.0% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

7

 

CUSIP No.  25470M 109

 

1	Name of Reporting Person
	Ergen Two-Year March 2020 DISH GRAT
2	Check the Appropriate Box if a Member of a Group:
	(a)  £
	(b)  x
3	SEC Use Only
4	Source of Funds
	OO
5	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
	£
6	Citizenship or Place of Organization
	Colorado
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power
			40,000,000 SHARES (1)
		8	Shared Voting Power
			0
		9	Sole Dispositive Power
			40,000,000 SHARES (1)
		10	Shared Dispositive Power
			0
11	Aggregate Amount Beneficially Owned by the Reporting Person
	40,000,000 SHARES
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares
	o
13	Percent of Class Represented by Amount in Row (11)
	Approximately 13.2% (2)
14	Type of Reporting Person
	OO

 

(1) Includes 22,890,835 shares of Class A Common Stock and 17,109,165 shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.

 

(2) Based on 285,724,384 shares of Class A Common Stock outstanding on May 19, 2020 and assuming conversion of all the shares of Class B Common Stock held by the Two-Year March 2020 GRAT into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that the Two-Year March 2020 GRAT may be deemed to own beneficially would be approximately 7.6%.  Because each share of Class B Common Stock is entitled to 10 votes per share, the Two-Year March 2020 GRAT owns beneficially equity securities of DISH Network representing approximately 7.3% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

8

 

CUSIP No.  25470M 109

 

1	Name of Reporting Person
	Telluray Holdings, LLC
2	Check the Appropriate Box if a Member of a Group:
	(a)  £
	(b)  x
3	SEC Use Only
4	Source of Funds
	OO
5	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
	£
6	Citizenship or Place of Organization
	Wyoming
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	Sole Voting Power
			70,490,109 SHARES (1)
		8	Shared Voting Power
			0
		9	Sole Dispositive Power
			70,490,109 SHARES (1)
		10	Shared Dispositive Power
			0
11	Aggregate Amount Beneficially Owned by the Reporting Person
	70,490,109 SHARES
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares
	o
13	Percent of Class Represented by Amount in Row (11)
	Approximately 20.2% (2)
14	Type of Reporting Person
	OO

 

(1) Includes shares of Class A Common Stock and Class B Common Stock, of which Telluray Holdings is the beneficial owner.  The shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis at any time.  Consists of: (i) 63,790,620 shares of Class B Common Stock; and (ii) 6,699,489 shares of Class A Common Stock, for which Mrs. Ergen has sole voting power as a manager of Telluray Holdings and for which Mr. Ergen and Mrs. Ergen share dispositive power as the managers of Telluray Holdings.

 

(2) Based on 285,724,384 shares of Class A Common Stock outstanding on May 19, 2020 and assuming conversion of all the shares of Class B Common Stock held by Telluray Holdings into Class A Common Stock. Because such Class B Common Stock is convertible on a one-for-one basis into Class A Common Stock, assuming conversion of all shares of outstanding Class B Common Stock into Class A Common Stock, the percentage of the Class A Common Stock that Telluray Holdings may be deemed to own beneficially would be approximately 13.5%.  Because each share of Class B Common Stock is entitled to 10 votes per share, Telluray Holdings owns beneficially equity securities of DISH Network representing approximately 24.1% of the voting power of DISH Network (assuming no conversion of the Class B Common Stock).

 

9

 

Item 2. Identity and Background.

 

Item 2 is amended and restated as follows:

 

This statement is being filed jointly by: (a) Charles W. Ergen; (b) Cantey M. Ergen; (c) the Two-Year November 2018 GRAT; (d) the Two-Year May 2019 GRAT; (e) the Two-Year 2019 GRAT II; (f) the Two-Year December 2019 GRAT; (g) the Two-Year March 2020 GRAT; and (h) Telluray Holdings, who are together referred to as the Reporting Persons. This Schedule 13D relates solely to, and is being filed for, shares held by Mr. and Mrs. Ergen, the Two-Year November 2018 GRAT, the Two-Year May 2019 GRAT, the Two-Year 2019 GRAT II, the Two-Year December 2019 GRAT, the Two-Year March 2020 GRAT and Telluray Holdings.

 

(A) Charles W. Ergen

 

Mr. Ergens principal occupation is Chairman of DISH Network and Chairman of EchoStar Corporation, (EchoStar) and his principal address is 9601 S. Meridian Blvd., Englewood, Colorado 80112. Mr. Ergen has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. Mr. Ergen is a citizen of the United States.

 

(B) Cantey M. Ergen

 

Mrs. Ergen is a Senior Advisor and member of the Board of Directors of DISH Network and her principal address is 9601 S. Meridian Blvd., Englewood, Colorado 80112. Mrs. Ergen has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. Mrs. Ergen is a citizen of the United States.

 

(C) Two-Year November 2018 GRAT

 

The Two-Year November 2018 GRAT was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year November 2018 GRAT has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year November 2018 GRAT, Mrs. Ergen is vested with sole voting and dispositive power over the 26,962,635 shares of Class B Common Stock held by the Two-Year November 2018 GRAT, except as set forth in Item 6.

 

(D) Two-Year May 2019 GRAT

 

The Two-Year May 2019 GRAT was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year May 2019 GRAT has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year May 2019 GRAT, Mrs. Ergen is vested with sole voting and dispositive power over the 22,159,284 shares of Class B Common Stock held by the Two-Year May 2019 GRAT, except as set forth in Item 6.

 

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(E) Two-Year 2019 GRAT II

 

The Two-Year 2019 GRAT II was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year 2019 GRAT II has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year 2019 GRAT II, Mrs. Ergen is vested with sole voting and dispositive power over the 30,000,000 shares of Class B Common Stock held by the Two-Year 2019 GRAT II, except as set forth in Item 6.

 

(F) Two-Year December 2019 GRAT

 

The Two-Year December 2019 GRAT was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year December 2019 GRAT has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year December 2019 GRAT, Mrs. Ergen is vested with sole voting and dispositive power over the 32,000,000 shares of Class B Common Stock held by the Two-Year December 2019 GRAT, except as set forth in Item 6.

 

(G) Two-Year March 2020 GRAT

 

The Two-Year March 2020 GRAT was formed under the laws of the State of Colorado and its principal business is to hold a portion of the assets and estate of Mr. Ergen. Its address is c/o Cantey M. Ergen, as Trustee, at 9601 S. Meridian Blvd., Englewood, Colorado 80112. The Two-Year March 2020 GRAT has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. As trustee of the Two-Year March 2020 GRAT, Mrs. Ergen is vested with sole voting and dispositive power over the 22,890,835 shares of Class A Common Stock and 17,109,165 shares of Class B Common Stock held by the Two-Year March 2020 GRAT, except as set forth in Item 6.

 

(H) Telluray Holdings

 

Telluray Holdings is a limited liability company organized under the laws of the State of Wyoming and its principal business is to hold a portion of the assets and estate of Mr. Ergen and to hold certain assets of certain trusts established for the benefit of his family. Its address is 1623 Central Avenue, Suite 214, Cheyenne, Wyoming 82001. Telluray Holdings has not, during the last five years: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, been subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Mr. Ergen and certain trusts established for the benefit of his family are the members of Telluray Holdings.  Mr. Ergen and Mrs. Ergen are the managers of Telluray Holdings.  As a manager of Telluray Holdings, Mrs. Ergen has sole voting power over the 6,699,489 shares of Class A Common Stock and 63,790,620 shares of Class B Common Stock held by Telluray Holdings.  As managers of Telluray Holdings, Mr. Ergen and Mrs. Ergen share dispositive power over the shares of Class A Common Stock and shares of Class B Common Stock held by Telluray Holdings.

 

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Item 4.  Purpose of Transaction.

 

Item 4 is hereby amended and supplemented as follows:

 

During the second quarter of each year, Mr. Ergen receives an annuity amount from the Two-Year May 2019 GRAT, assuming that the Two-Year May 2019 GRAT has not expired.  The number of shares of Class B Common Stock to be distributed as an annuity payment is based in part on the price of the Class A Common Stock on the distribution date and therefore cannot be calculated until the date of distribution.  In addition to shares of Class B Common Stock, the annuity payments (and their associated timing) may include, and be based upon, amounts generated from the holdings of the Two-Year May 2019 GRAT including, among other things, stock recapitalizations or dividends paid or payable with respect to the shares of Class B Common Stock held by the Two-Year May 2019 GRAT.  On May 20, 2020, the Two-Year May 2019 GRAT distributed 27,840,716 shares of Class B Common Stock held by the Two-Year May 2019 GRAT to Mr. Ergen as an annuity payment.  Therefore, the Two-Year May 2019 GRAT currently has beneficial ownership of 22,159,284 shares of Class B Common Stock. The Two-Year May 2019 GRAT is scheduled to expire in accordance with its terms on May 20, 2021.

 

Item 5.  Interest in Securities of the Issuer.

 

Item 5 is amended and supplemented as follows:

 

(a) This filing is for the cumulative share holdings of an affiliated group as of May 20, 2020.  See Items 11 and 13 of the cover pages to this Amendment No. 43 for the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock beneficially owned by each of the Reporting Persons.  The Reporting Persons beneficial ownership of shares of Class A Common Stock excludes 71,604 shares of Class A Common Stock held by certain trusts established by Mr. Ergen for the benefit of his family. Mr. Ergen and Mrs. Ergen disclaim beneficial ownership of the 63,790,620 shares of Class B Common Stock and the 6,699,489 shares of Class A Common Stock held by Telluray Holdings, except to the extent of their pecuniary interest.

 

(b)  See Items 7 through 10 of the cover pages to this Amendment No. 43 for the number of shares of Class A Common Stock beneficially owned by each of the Reporting Persons as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote and sole or shared power to dispose or to direct the disposition.

 

(c)  The Reporting Persons have not effected any transactions in the Class A Common Stock of DISH Network since the most recent filing of Schedule 13D other than as described herein.

 

(d) Not applicable.

 

(e)  Not applicable.

 

Item 7.   Material to be Filed as Exhibits.

 

Item 7 is hereby amended and supplemented as follows:

 

Exhibit A: Agreement of Joint Filing.

 

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SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

	CHARLES W. ERGEN
	/s/ Charles W. Ergen
Dated: May 21, 2020	Charles W. Ergen
	CANTEY M. ERGEN
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen
	ERGEN TWO-YEAR NOVEMBER 2018 DISH GRAT
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Trustee
	ERGEN TWO-YEAR MAY 2019 DISH GRAT
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Trustee
	ERGEN TWO-YEAR 2019 DISH GRAT II
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Trustee

 

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	ERGEN TWO-YEAR DECEMBER 2019 DISH GRAT
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Trustee
	ERGEN TWO-YEAR MARCH 2020 DISH GRAT
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Trustee
	TELLURAY HOLDINGS, LLC
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Manager

 

Attention: Intentional misstatements or omissions of fact

constitutes Federal criminal violations (See 18 U.S.C. 1001)

 

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EXHIBIT INDEX

 

Exhibit A:

Agreement of Joint Filing.

 

15

 

EXHIBIT A

 

Agreement of Joint Filing

 

Pursuant to Rule 13d-1(k)(l)(iii) of Regulation 13D-G of the General Rules and Regulations of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, the undersigned agree that the statement on Schedule 13D/A to which this Exhibit is attached is filed on behalf of each of them in the capacities set forth below.

 

	CHARLES W. ERGEN
	/s/ Charles W. Ergen
Dated: May 21, 2020	Charles W. Ergen
	CANTEY M. ERGEN
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen
	ERGEN TWO-YEAR NOVEMBER 2018 DISH GRAT
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Trustee
	ERGEN TWO-YEAR MAY 2019 DISH GRAT
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Trustee
	ERGEN TWO-YEAR 2019 DISH GRAT II
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Trustee

 

16

 

	ERGEN TWO-YEAR DECEMBER 2019 DISH GRAT
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Trustee
	ERGEN TWO-YEAR MARCH 2020 DISH GRAT
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Trustee
	TELLURAY HOLDINGS, LLC
	/s/ Cantey M. Ergen
Dated: May 21, 2020	Cantey M. Ergen, Manager

 

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