SEC Form 4 · accession 0001209191-15-023383
BELDEN INC. · BDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dhrupad Trivedi
Officer — President, Industrial IT
Period of report
Mar 4, 2015
Accepted (ET)
Mar 6, 2015 · 1:55 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 | Mar 4, 2015 | F | 1,137 | $0.00 | D | 8,313 | D | |
| Common Stock | Mar 4, 2015 | M | 4,044 | $50.01 | A | 12,357 | D | |
| Common StockF3 | Mar 4, 2015 | D | 3,160 | $88.71 | D | 9,197 | D | |
| Common StockF5 | Mar 5, 2015 | S | 2,771 | $89.1897 | D | 6,426 | 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 Rights | $50.01 | Mar 4, 2015 | M | 4,044 | D | Mar 4, 2015 | Mar 4, 2023 | Common Stock | 4,044 | 8,089 | D |
Explanation of responses
- F1Shares withheld for tax purposes related to portion of March 4, 2013 performance-based restricted stock unit grant that vested on March 4, 2015.
- F2The exercise reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Trivedi on February 15, 2013.
- F3This represents the difference between the number of SARs exercised (4,044) and the number of shares issued as a result of the exercise (884). 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 ($88.71) and the exercise price ($50.01). 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. Trivedi on February 15, 2013.
- F5This price represents the average sale price for multiple transactions on this line. The prices of the transactions reported on this line ranged from $88.94 to $89.36. Upon request by the SEC staff, the Issuer or a security holder of the Issuer, the Reporting Person will undertake to provide full information regarding the number of shares and prices at which transactions were effected.