KERR GUY H 4
4 · BELO CORP · Filed Feb 12, 2013
Insider Transaction Report
Form 4
BELO CORPBLC
KERR GUY H
EVP/Law & Govt and Secretary
Transactions
- Exercise/Conversion
Restricted Stock Units (Time-Based)
2013-02-08−39,100→ 0 total→ Series A Common Stock (39,100 underlying) - Disposition to Issuer
Series A Common Stock
2013-02-08$8.86/sh−15,640$138,570→ 164,567 total - Exercise/Conversion
Series A Common Stock
2013-02-08+39,100→ 180,207 total - Exercise/Conversion
Series A Common Stock
2013-02-08+9,529→ 174,096 total - Disposition to Issuer
Series A Common Stock
2013-02-08$8.86/sh−3,812$33,774→ 170,284 total - Exercise/Conversion
Restricted Stock Units (Performance-Related)
2013-02-08−9,529→ 0 total→ Series A Common Stock (9,529 underlying)
Holdings
- 400(indirect: By Daughter)
Series A Common Stock
- 1,720(indirect: By 401(k))
Series A Common Stock
Footnotes (11)
- [F1]The number of shares shown represents the time-based restricted stock units (TBRSUs) that vested and were paid on February 8, 2013. These TBRSUs were awarded on March 4, 2010.
- [F10]These PBRSUs were awarded on March 3, 2011. The actual number of PBRSUs earned was determined on March 1, 2012.
- [F11]One-third of these PBRSUs vests and is paid out as soon as practicable following each annual earnings release date for the fiscal years ending December 31, 2011, 2012 and 2013.
- [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 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 TBRSUs that vested and were paid on February 8, 2013. 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 March 3, 2011 performance-related restricted stock units (PBRSUs) that vested and were paid on February 8, 2013. These PBRSUs were awarded on March 3, 2011.
- [F5]The number of shares shown represents the settlement of the 40% cash portion of PBRSUs that vested and were paid on February 8, 2013. Pursuant to SEC guidance, settlement of the cash portion is deemed a disposition of shares to the Company.
- [F6]Held by the Reporting Person's daughter. The Reporting Person disclaims beneficial ownership of these securities.
- [F7]Held by the Belo Savings Plan as of February 8, 2013.
- [F8]These TBRSUs were awarded on March 4, 2010.
- [F9]These TBRSUs vest 100% and are paid as soon as practicable following February 8, 2013, which was the annual earnings release date for the fiscal year ended December 31, 2012.