DIAZ PETER L 4
4 · BELO CORP · Filed Feb 12, 2013
Insider Transaction Report
Form 4
BELO CORPBLC
DIAZ PETER L
EVP/Television Operations
Transactions
- Exercise/Conversion
Series A Common Stock
2013-02-08+39,100→ 105,758 total - Disposition to Issuer
Series A Common Stock
2013-02-08$8.86/sh−15,640$138,570→ 90,118 total - Exercise/Conversion
Series A Common Stock
2013-02-08+11,306→ 101,424 total - Disposition to Issuer
Series A Common Stock
2013-02-08$8.86/sh−4,523$40,074→ 96,901 total - Exercise/Conversion
Restricted Stock Units (Time-Based)
2013-02-08−39,100→ 0 total→ Series A Common Stock (39,100 underlying) - Exercise/Conversion
Restricted Stock Units (Performance-Related)
2013-02-08−11,306→ 0 total→ Series A Common Stock (11,306 underlying)
Footnotes (9)
- [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.
- [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 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]These TBRSUs were awarded on March 4, 2010.
- [F7]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.
- [F8]These PBRSUs were awarded on March 3, 2011. The actual number of PBRSUs earned was determined on March 1, 2012.
- [F9]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.