SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
BYE STEPHEN J

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

(Street)
ENGLEWOOD CO 80112

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/18/2023
3. Issuer Name and Ticker or Trading Symbol
DISH Network CORP [ DISH ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 1,860 D
Class A Common Stock 476 I I(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) 07/22/2022(2) 07/22/2032(3) Class A Common Stock 100,000 $20 D
Employee Stock Option (Right to Buy) 07/22/2022(4) 07/22/2032(3) Class Common Stock 150,000 $20 D
Employee Stock Option (Right to Buy) 01/01/2020(5) 01/01/2030(3) Class A Common Stock 250,000 $35.47 D
Restricted Stock Units 01/01/2022(6) 01/01/2024(3) Class A Common Stock 638 $0(7) D
Explanation of Responses:
1. By 401(K).
2. 40% of the shares underlying the options vested immediately upon the grant date of July 22, 2022. The remaining 60% of the shares underlying the options will vest in three equal annual installments of 20% per year, beginning on July 1, 2023.
3. These options were granted as part of Stephen Bye's employment as EVP, Chief Commercial Officer. As a result of his resignation of his employment, these options will terminate 30 days from his last day of employment.
4. The shares underlying the options granted on July 22, 2022 will vest at a rate of 20% per year, beginning on July 1, 2023.
5. The shares underlying the option granted on January 1, 2020 vested at a rate of 20% per year, beginning on January 1, 2021.
6. The RSUs vest in three equal annual installments, commencing upon January 1, 2022.
7. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer, which will be issued to the Reporting Person immediately upon vesting.
/s/ Stephen Bye, by Timothy Messner, Attorney-in-Fact 01/30/2023
** 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 5 (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.
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