SEC Form 4 · accession 0001209191-16-154008
BELDEN INC. · BDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Stroup
Officer — Chairman, President and CEO · Director
Period of report
Dec 6, 2016
Accepted (ET)
Dec 7, 2016 · 6:55 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 Stock | Dec 6, 2016 | S | 15,000 | $77.00 | D | 44,969 | D | |
| Common Stock | Dec 6, 2016 | M | 40,000 | $50.01 | A | 84,969 | D | |
| Common StockF3 | Dec 6, 2016 | D | 32,875 | $76.03 | D | 52,094 | D | |
| Common StockF4 | Dec 7, 2016 | S | 7,125 | $77.5752 | D | 44,969 | D | |
| 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 RightsF5 | $50.01 | Dec 6, 2016 | M | 40,000 | D | — | Mar 4, 2023 | Common Stock | 40,000 | 34,147 | D |
Explanation of responses
- F1The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Stroup on August 18, 2016.
- F2The exercise reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Stroup on August 18, 2016.
- F3This represents the difference between the number of SARs exercised (40,000) and the number of shares issued as a result of the exercise (7,125). 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 ($76.03) and the exercise price ($50.01). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
- F4This price represents the average sale price for multiple transactions on this line. The prices of the transactions reported on this line ranged from $76.29 to $78.41. 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.
- F5Of the original grant of 74,147 SARs, 24,716 SARs became exercisable on March 4, 2014, 24,716 SARs became exercisable on March 4, 2015 and 24,715 SARs became exercisable on March 4, 2016.