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Dave Davis

01/05/06 5:28 PM

#138403 RE: Dishfan #138398

Dish: Happy New Year!

I agree on the Form 4s.

As for me, my attitude is of one of my childhood heroes, Alfred E. Newman:

'What me, worry?'


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nicmar

01/05/06 8:19 PM

#138435 RE: Dishfan #138398

Settle down nic. You do the form 4's all the time, don't you? Don't buy, sell or hold tomorrow. .. nic

Form 4 sales are related to tax withholding on restricted stock:




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olddog967

01/05/06 9:08 PM

#138439 RE: Dishfan #138398

dishfan: As you stated, no big deal, the sale of the RSUs are related to tax witholding on the grant. From the Long Term Compensation Plan:


7. Other Terms Relating to Restricted Stock Units.

(a) The number of Restricted Stock Units credited to a Grantee’s Account shall include fractional Restricted Stock Units calculated to at least three decimal places, unless otherwise determined by the Committee. Upon settlement of Restricted Stock Units, Grantee shall be paid, in cash, an amount equal to the value of any fractional Share that would have otherwise been deliverable in settlement of such Restricted Stock Units.

(b) It shall be a condition to the Company’s obligation to issue and deliver Shares in settlement of the Restricted Stock Units that Grantee (or the person to whom ownership rights may have passed by will or the laws of descent and distribution) pay to the Company, upon its demand, such amount as may be required by the Company for the purpose of satisfying any liability to withhold federal, state, or local income or other taxes. If the amount required is not paid, the Company may refuse to deliver the Shares in settlement of the Restricted Stock Units until such amount is paid. The Committee may, in its discretion, permit a Grantee (or the person to whom ownership rights may have passed by will or the laws of descent and distribution) to pay all or a portion of the amount required by the Company for such tax withholding, at such time and in such manner as the Committee shall deem to be appropriate, including by authorizing the Company to withhold from the Shares to be delivered in settlement, or by agreeing to surrender to the Company on or about the date such tax liability is determinable, Shares having a Fair Market Value on such date equal to the amount of such tax liability or a specified portion of such tax liability.



The Form 4 sales are related to tax withholding on restricted stock: