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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units (Time-Based) (11) | (2) | 05/11/2010 | M | 564 | (12) | (12) | Series A Common Stock | 564 (2) | $ 0 | 0 | D | ||||
Restricted Stock Units (Time-Based) (13) | (2) | 05/11/2010 | M | 35,000 | (14) | (14) | Series A Common Stock | 35,000 (2) | $ 0 | 0 | D | ||||
Restricted Stock Units (Time-Based) | (2) | 05/11/2010 | A | 8,974 | (15) | (15) | Series A Common Stock | 8,974 (2) | $ 0 | 8,974 (2) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
DECHERD ROBERT W BELO CORP. P.O. BOX 655237 DALLAS, TX 75265-5237 |
X |
Kay F. Stockler, Attorney-in-Fact | 05/12/2010 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | The number of shares shown represents the time-based restricted stock units (TBRSUs) that vested on May 13, 2008 and were settled on May 11, 2010. These TBRSUs were awarded on February 27, 2008. |
(2) | Each TBRSU represents a contingent right to receive the value of one share of Belo Corp. Series A Common Stock. These TBRSUs are valued as of the date of settlement and are paid 60% in shares of Belo Corp. Series A Common Stock and 40% in cash. |
(3) | The number of shares shown represents settlement of the 40% cash portion of TRBSUs that vested on May 13, 2008 and were settled on May 11, 2010. Settlement of the cash portion is, pursuant to SEC guidance, deemed to be a sale of shares to the Company. |
(4) | The number of shares shown represents the time-based restricted stock units (TBRSUs) that vested on May 11, 2010 and settled the same date. These TBRSUs were awarded on May 12, 2009. |
(5) | The number of shares shown represents settlement of the 40% cash portion of TRBSUs that vested on May 11, 2010 and settled the same date. Settlement of the cash portion is, pursuant to SEC guidance, deemed to be a sale of shares to the Company. |
(6) | The open market sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 13, 2009. |
(7) | Represents the average sale price per share. Shares sold in open market as follows: 100 shares @ $7.45 per share; 1,300 shares @ $7.47 per share; 100 shares @ $7.52 per share; 700 shares @ $7.54 per share; 100 shares @ $7.56 per share; 1,400 shares @ $7.58 per share; 800 shares @ $7.59 per share; 2,300 shares @ $7.60 per share; 2,400 shares @ $7.61 per share; 2,200 shares @ $7.62 per share; 2,100 shares @ $7.63 per share; 2,300 shares @ $7.64 per share; 1,200 shares @ $7.65 per share; 4,800 shares @ $7.66 per share; 6,500 shares @ $7.67 per share; 1,500 shares @ $7.68 per share; 2,200 shares @ $7.69 per share; 1,800 shares @ $7.70 per share; |
(8) | Continuation of Footnote 7: 500 shares @ $7.71 per share; 700 shares @ $7.74 per share; 4,100 shares @ $7.75 per share; 4,100 shares @ $7.76 per share; 4,700 shares @ $7.77 per share; 3,200 shares @ $7.78 per share; 3,660 shares @ $7.79 per share; 8,500 shares @ $7.80 per share; 6,100 shares @ $7.81 per share; 800 shares @ $7.82 per share; 3,150 shares @ $7.83 per share; 1,800 shares @ $7.84 per share; 3,400 shares @ $7.85 per share; 2,630 shares @ $7.86 per share; 6,800 shares @ $7.87 per share; 2,600 shares @ $7.88 per share; 3,000 shares @ $7.89 per share; 3,200 shares @ $7.90 per share; 5,020 shares @ $7.91 per share; 5,700 shares @ $7.92 per share; 1,400 shares @ $7.93 per share; 2,400 shares @ $7.94 per share; 2,900 shares @ $7.95 per share; 1,800 shares @ $7.96 per share; 3,100 shares @ $7.97 per share; and, 940 shares @ $7.98 per share. |
(9) | The reporting person disclaims beneficial ownership of these securities. |
(10) | Held by the A. H. Belo Savings Plan as of May 11, 2010. |
(11) | These TBRSUs were awarded on February 27, 2008. |
(12) | These TBRSUs vested 100% on May 13, 2008 and were settled on May 11, 2010. |
(13) | These TBRSUs were awarded on May 12, 2009. |
(14) | These TBRSUs vested 100% on May 11, 2010 and were settled same date. |
(15) | These TBRSUs vest 100% on the earlier of June 30, 2011 or the date of the Company's 2011 annual meeting of shareholders and are settled on or within 10 business days of the vesting date. |