BELDEN INC. 4
4 · BELDEN INC. · Filed Feb 17, 2017
Insider Transaction Report
Form 4
BELDEN INC.BDC
Pennycook Glenn
EVP, Enterprise Connectivity
Transactions
- Exercise/Conversion
Common Stock
2017-02-15$21.70/sh+13,190$286,223→ 18,343 total - Disposition to Issuer
Common Stock
2017-02-15$73.19/sh−6,884$503,806→ 11,459 total - Sale
Common Stock
2017-02-17$72.86/sh−6,306$459,449→ 5,153 total - Exercise/Conversion
Stock Appreciation Rights
2017-02-15−13,190→ 0 totalExercise: $21.70Exp: 2020-02-22→ Common Stock (13,190 underlying)
Footnotes (3)
- [F1]This represents the difference between the number of SARs exercised (13,190) and the number of shares issued as a result of the exercise (6,306). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($73.185) and the exercise price ($21.70). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
- [F2]This price represents the average sale price for multiple transactions on this line. The prices of the transactions reported on this line ranged from $72.74 to $73.01. Upon request by the SEC staff, the Issuer or a security holder of the Issuer, the Reporting Person will undertake to provide full information regarding the number of shares and prices at which transactions were effected.
- [F3]4,397 SARs became exercisable on February 22, 2011, 4,397 SARs became exercisable on February 22, 2012 and 4,396 SARs became exercisable on February 22, 2013.