DIAZ PETER L 4
4 · BELO CORP · Filed Mar 4, 2013
Insider Transaction Report
Form 4
BELO CORPBLC
DIAZ PETER L
EVP/Television Operations
Transactions
- Award
Restricted Stock Units (Time- Based)
2013-02-28+28,400→ 28,400 total→ Series A Common Stock (28,400 underlying)
Footnotes (2)
- [F1]Each time-based restricted stock unit (TBRSU) represents a contingent right to receive the value of one share of Belo Corp. Series A Common Stock. TBRSUs 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.
- [F2]These TBRSUs vest 100% on the later of February 15, 2016 and the date of the Belo Corp. annual earnings release for the fiscal year ending December 31, 2015 and are settled within 10 business days thereafter.