SEC Form 4 · accession 0001209191-15-018369
BELDEN INC. · BDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Doug Zink
Officer — VP and CAO
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 2:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000913142
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2015 | F | 124 | $89.285 | D | 2,097 | D | |
| Common Stock | Feb 23, 2015 | M | 2,130 | $35.83 | A | 4,227 | D | |
| Common StockF3 | Feb 23, 2015 | D | 1,310 | $89.70 | D | 2,917 | D | |
| Common Stock | Feb 25, 2015 | S | 1,016 | $90.2983 | D | 1,901 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF5 | $35.83 | Feb 23, 2015 | M | 2,130 | D | — | Mar 1, 2021 | Common Stock | 2,130 | 0 | D |
Explanation of responses
- F1Shares withheld for tax purposes related to portion of February 22, 2010 performance-based restricted stock unit grant that vested on February 23, 2015.
- F2The exercise reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Zink on September 27, 2013.
- F3This represents the difference between the number of SARs exercised (2,130) and the number of shares issued as a result of the exercise (820). 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 ($89.70) and the exercise price ($35.83). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
- F4The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Zink on September 27, 2013.
- F5710 SARs became available on March 1, 2012, 710 SARs became exercisable on March 1, 2013 and 710 SARs became exercisable on March 1, 2014.