FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Expires: February 28, 2011
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

HENDRICKSON CAREY P

2. Date of Event Requiring Statement (MM/DD/YYYY)
3/5/2010 

3. Issuer Name and Ticker or Trading Symbol

BELO CORP [BLC]

(Last)        (First)        (Middle)

BELO CORP., P.O. BOX 655237

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Senior Vice President/CFO /

(Street)

DALLAS, TX 75265-5237       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Series A Common Stock   7914   D    
Series A Common Stock   2053   I   401k Account   (1)
Series B Common Stock   0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy)     (2) 12/1/2010   Series B Common Stock   1400   $13.8627   D    
Employee Stock Options (Right to Buy)     (2) 11/30/2011   Series B Common Stock   20000   $14.3172   D    
Employee Stock Options (Right to Buy)     (2) 12/6/2012   Series B Common Stock   11000   $17.2879   D    
Employee Stock Options (Right to Buy)     (2) 12/5/2013   Series B Common Stock   15000   $22.3725   D    
Employee Stock Options (Right to Buy)     (2) 12/3/2014   Series B Common Stock   17000   $20.1785   D    
Employee Stock Options (Right to Buy)     (2) 12/9/2015   Series B Common Stock   10000   $17.3119   D    
Employee Stock Options (Right to Buy)     (3) 12/5/2018   Series B Common Stock   19500   $1.8800   D    
Employee Stock Options (Right to Buy)     (4) 3/4/2020   Series B Common Stock   37200   $7.07   D    
Restricted Stock Units (Time-Based)     (5)   (5) Series A Common Stock   9030   (6) $0   (6) D    
Restricted Stock Units (Time-Based)     (7)   (7) Series A Common Stock   6500   (6) $0   (6) D    
Restricted Stock Units (Time-Based)     (8)   (8) Series A Common Stock   25200   (6) $0   (6) D    

Explanation of Responses:
( 1)  Held by the Belo Savings Plan as of March 4, 2010.
( 2)  All options are currently exercisable.
( 3)  These options are currently exercisable as to 7,800 shares and will become exercisable as to 5,850 shares on 12/05/2010 and as to the remaining shares on 12/05/2011.
( 4)  These options become exercisable as to 14,880 shares on March 4, 2011 and will become exercisable as to 11,160 shares on March 4, 2012 and as to the remaining shares on March 4, 2013.
( 5)  This time-based restricted stock unit (TBRSU) award vests 100% in 2011 on the date of the Belo Corp. annual earnings release for the fiscal year ending December 31, 2010 and is settled within 10 business days thereafter.
( 6)  Each 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.
( 7)  This TBRSU award vests 100% in 2012 on the date of the Belo Corp. annual earnings release for the fiscal year ending December 31, 2011 and is settled within 10 business days thereafter.
( 8)  This TBRSU award vests 100% in 2013 on the date of the Belo Corp. annual earnings release for the fiscal year ending December 31, 2012 and is settled within 10 business days thereafter.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HENDRICKSON CAREY P
BELO CORP.
P.O. BOX 655237
DALLAS, TX 75265-5237


Senior Vice President/CFO

Signatures
Carey P. Hendrickson 3/8/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Belo (NYSE:BLC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Belo Charts.
Belo (NYSE:BLC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Belo Charts.