Kranti Kilaru Form 4 EchoStar / Kranti Kilaru ownership change

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^*

Kilaru Kranti

(Last) (First) (Middle)

100 INVERNESS TERRACE EAST

(Street)

ENGLEWOOD CO 80112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EchoStar CORP [ SATS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP, Bus Systems, IT & Ops

3. Date of Earliest Transaction (Month/Day/Year)
11/17/2016

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	11/17/2016		M		5,286	A	$19.08	5,423	D
Class A Common Stock	11/17/2016		S		5,286	D	$50(1)	137	D
Class A Common Stock	11/17/2016		M		1,151	A	$29.54	1,288	D
Class A Common Stock	11/17/2016		S		1,151	D	$50	137	D
Class A Common Stock	11/17/2016		M		3,593	A	$14.83	3,730	D
Class A Common Stock	11/17/2016		S		3,593	D	$50	137	D
Class A Common Stock	11/18/2016		M		23,090	A	$19.08	23,227	D
Class A Common Stock	11/18/2016		S		23,090	D	$50.03(2)	137	D
Class A Common Stock	11/18/2016		M		25,437	A	$29.54	25,574	D
Class A Common Stock	11/18/2016		S		25,437	D	$50(3)	137	D
Class A Common Stock	11/18/2016		M		10,645	A	$14.83	10,782	D
Class A Common Stock	11/18/2016		S		10,645	D	$50.05(4)	137	D
Class A Common Stock								1,120	I	By 401(k)

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)	$19.08	11/17/2016		M			5,286	(5)	06/30/2020	Class A Common Stock	5,286	$19.08	28,273	D
Employee Stock Option (Right to Buy)	$29.54	11/17/2016		M			1,151	(6)	03/31/2018	Class A Common Shares	1,151	$29.54	25,437	D
Employee Stock Option (Right to Buy)	$14.83	11/17/2016		M			3,593	(7)	03/31/2019	Class A Common Shares	3,593	$14.83	10,645	D
Employee Stock Option (Right to Buy)	$19.08	11/18/2016		M			23,090	(5)	06/30/2020	Class A Common Stock	23,090	$19.08	5,183	D
Employee Stock Option (Right to Buy)	$29.54	11/18/2016		M			25,437	(6)	03/31/2018	Class A Common Stock	25,437	$29.54	0	D
Class A Common Shares	$14.83	11/18/2016		M			10,645	(7)	03/31/2019	Class A Common Shares	10,645	$14.83	0	D

Explanation of Responses:

1. The price reported is the weighted average price. The shares reported in this transaction were sold at prices ranging between $50.00 and $50.01. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the indicated range.

2. The price reported is the weighted average price. The shares reported in this transaction were sold at prices ranging between $50.00 and $50.17. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the indicated range.

3. The price reported is the weighted average price. The shares reported in this transaction were sold at prices ranging between $50.00 and $50.06. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the indicated range.

4. The price reported is the weighted average price. The shares reported in this transaction were sold at prices ranging between $50.00 and $50.15. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the indicated range.

5. The shares underlying the option vest at the rate of 20% per year, commencing on 6/30/2011.

6. The shares underlying the option vest at the rate of 20% per year, commencing on 3/31/2009.

7. The shares underlying the option vest at the rate of 20% per year, commencing on 3/31/2010.

Remarks:

	/s/ Joseph Turitz, his Attorney-in-Fact	11/21/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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