BELO CORP 4
4 · BELO CORP · Filed May 9, 2007
Insider Transaction Report
Form 4
BELO CORPBLC
SOLOMON WILLIAM T
Director
Transactions
- Award
Restricted Stock Units (Time-Based)
2007-05-08+1,730→ 1,730 total→ Series A Common Stock (1,730 underlying) - Award
Director Stock Options (Right to Buy)
2007-05-08+5,673→ 5,673 totalExercise: $20.22From: 2008-05-08Exp: 2017-05-08→ Series B Common Stock (5,673 underlying)
Footnotes (2)
- [F1]Each time-based restricted stock unit (RSU) represents a contingent right to receive the value of one share of Belo Series A Common Stock. RSUs are payable in the form of 60% in shares of Belo Series A Common Stock and 40% in cash, valued as of the date of settlement.
- [F2]The RSUs vest 100% on the date of the 2008 annual meeting of shareholders and are settled within 10 business days following the 2010 annual meeting of shareholders.