SEC Form 4 · accession 0001209191-16-151709
BELDEN INC. · BDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Stroup
Officer — President and CEO · Director
Period of report
Nov 18, 2016
Accepted (ET)
Nov 22, 2016 · 4:23 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 | Sep 16, 2016 | G | 3,925 | $0.00 | D | 69,969 | D | |
| Common Stock | Nov 18, 2016 | S | 10,000 | $72.17 | D | 59,969 | D | |
| Common Stock | Nov 18, 2016 | M | 42,500 | $35.79 | A | 42,500 | I | By Barry-Wehmiller Trust |
| Common StockF4 | Nov 18, 2016 | D | 31,290 | $72.56 | D | 11,210 | I | By Barry-Wehmiller Trust |
| Common StockF5 | Nov 21, 2016 | S | 11,210 | $71.9864 | D | 0 | I | By Barry-Wehmiller Trust |
| Common Stock | holding | — | — | — | 4,063 | I | By Irrevocable Trust for Children | |
| Common Stock | holding | — | — | — | 86,555 | I | By Family Trust |
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 | $35.79 | Nov 18, 2016 | M | 42,500 | D | Mar 2, 2012 | Mar 2, 2021 | Common Stock | 42,500 | 0 | I |
Explanation of responses
- F1On September 16, 2016, Mr. Stroup gifted 3,925 shares to a charitable organization.
- F2The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Stroup on August 18, 2016.
- F3The exercise reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Stroup on August 18, 2016.
- F4This represents the difference between the number of SARs exercised (42,500) and the number of shares issued as a result of the exercise (11,210). 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 ($72.56) and the exercise price ($35.79). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
- F5This price represents the average sale price for multiple transactions on this line. The prices of the transactions reported on this line ranged from $71.335 to $73.21. 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.