WILLIAMSON DENNIS A 4
4 · BELO CORP · Filed Feb 5, 2010
Insider Transaction Report
Form 4
BELO CORPBLC
WILLIAMSON DENNIS A
Executive Vice President/CFO
Transactions
- Exercise/Conversion
Series A Common Stock
2010-02-04+23,750→ 84,851 total - Exercise/Conversion
Restricted Stock Units (Time-Based)
2010-02-04−23,750→ 0 total→ Series A Common Stock (23,750 underlying) - Disposition to Issuer
Series A Common Stock
2010-02-04$6.66/sh−9,500$63,270→ 73,351 total - Exercise/Conversion
Series A Common Stock
2010-02-04+8,154→ 83,505 total - Disposition to Issuer
Series A Common Stock
2010-02-04$6.66/sh−3,262$21,725→ 80,243 total - Exercise/Conversion
Restricted Stock Units (Performance-Related)
2010-02-04−8,154→ 0 total→ Series A Common Stock (8,154 underlying)
Holdings
- 2,490(indirect: By 401(k))
Series A Common Stock
Footnotes (9)
- [F1]The number of shares shown represents the time-based restricted stock units (TBRSUs) that vested and were paid on February 4, 2010. These TBRSUs were awarded on February 27, 2007.
- [F2]Each restricted stock unit (RSU) represents a contingent right to receive the value of one share of Belo Corp. Series A Common Stock. RSUs (both performance-related and time-based) are valued as of the date of vesting and are paid 60% in shares of Belo Corp. Series A Common Stock and 40% in cash.
- [F3]The number of shares shown represents settlement of the 40% cash portion of RSUs that vested and were paid on February 4, 2010. Pursuant to SEC guidance settlement of the cash portion is deemed a disposition of shares to the Company.
- [F4]The number of shares shown represents the portion of the December 2006 performance-related restricted stock units (PBRSUs) that vested and were paid on February 4, 2010. These PBRSUs were awarded in December 2006, as described below in footnote 8.
- [F5]Held by the Belo Savings Plan as of February 4, 2010.
- [F6]These TBRSUs were awarded on February 27, 2007.
- [F7]These TBRSUs vest 100% and are paid as soon as practicable following the annual earnings release date for the fiscal year ended December 31, 2009.
- [F8]These PBRSUs were awarded in December 2006. The actual number of PBRSUs earned was determined on February 26, 2008.
- [F9]One-third of the original PBRSUs vest and are paid as soon as practicable following each annual earnings release date for the fiscal years ended December 31, 2007, 2008 and 2009.