TICHENOR MCHENRY T 4
4 · BELO CORP · Filed May 9, 2012
Insider Transaction Report
Form 4
BELO CORPBLC
TICHENOR MCHENRY T
Director
Transactions
- Exercise/Conversion
Restricted Stock Units (Time-Based)
2012-05-08−8,895→ 0 total→ Series A Common Stock (8,895 underlying) - Disposition to Issuer
Series A Common Stock
2012-05-08$6.72/sh−3,558$23,910→ 34,926 total - Exercise/Conversion
Series A Common Stock
2012-05-08+8,895→ 38,484 total - Award
Restricted Stock Units (Time-Based)
2012-05-08+10,417→ 10,417 total→ Series A Common Stock (10,417 underlying)
Footnotes (6)
- [F1]The number of shares shown represents the TBRSUs that vested on May 8, 2012 and were settled on the same date. These TBRSUs were awarded on May 10, 2011.
- [F2]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.
- [F3]The number of shares shown represents settlement of the 40% cash portion of TRBSUs that vested on May 8, 2012 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.
- [F4]These TBRSUs were awarded on May 10, 2011.
- [F5]These TBRSUs vested 100% on May 8, 2012 and settled same date.
- [F6]These TBRSUs vest 100% on the date of the Company's 2013 annual meeting of shareholders and are settled on or within 10 business days of the vesting date.