- Statement of Changes in Beneficial Ownership (4)
May 13 2010 - 4:26PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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February 28, 2011
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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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
TICHENOR MCHENRY T
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2. Issuer Name
and
Ticker or Trading Symbol
BELO CORP
[
BLC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
C/O BELO CORP., P.O. BOX 655237
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3. Date of Earliest Transaction
(MM/DD/YYYY)
5/11/2010
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(Street)
DALLAS, TX 75265-5237
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Series A Common Stock
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5/11/2010
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M
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17376
(1)
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A
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(2)
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27376
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D
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Series A Common Stock
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5/11/2010
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D
(3)
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6951
(3)
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D
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$7.8
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20425
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Units (Time-Based)
(4)
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(2)
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5/11/2010
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M
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17376
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(5)
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(5)
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Series A Common Stock
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17376
(2)
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$0
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0
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D
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Restricted Stock Units (Time-Based)
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(2)
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5/11/2010
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A
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8974
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(6)
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(6)
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Series A Common Stock
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8974
(2)
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$0
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8974
(2)
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D
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Explanation of Responses:
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(
1)
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The number of shares shown represents the time-based restricted stock units (TBRSUs) that vested on May 11, 2010 and settled the same date. These TBRSUs were awarded on August 3, 2009.
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(
2)
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Each TBRSU represents a contingent right to receive the value of one share of Belo Corp. Series A Common Stock. These TBRSUs are valued as of the date of settlement and are paid 60% in shares of Belo Corp. Series A Common Stock and 40% in cash.
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(
3)
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The number of shares shown represents settlement of the 40% cash portion of TRBSUs that vested on May 11, 2010 and settled the same date. Settlement of the cash portion is, pursuant to SEC guidance, deemed to be a sale of shares to the Company.
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(
4)
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These TBRSUs were awarded on August 3, 2009.
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(
5)
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These TBRSUs vested 100% on May 11, 2010 and settled same date.
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(
6)
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These TBRSUs vest 100% on the earlier of June 30, 2011 or the date of the Company's 2011 annual meeting of shareholders and are settled on or within 10 business days of the vesting date.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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TICHENOR MCHENRY T
C/O BELO CORP.
P.O. BOX 655237
DALLAS, TX 75265-5237
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X
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Signatures
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Kay F. Stockler, Attorney-in-Fact
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5/12/2010
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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