SEC Form 4 · accession 0001209191-17-012201
BELDEN INC. · BDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn Pennycook
Officer — EVP, Enterprise Connectivity
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 4:56 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 | Feb 15, 2017 | M | 13,190 | $21.70 | A | 18,343 | D | |
| Common StockF1 | Feb 15, 2017 | D | 6,884 | $73.185 | D | 11,459 | D | |
| Common StockF2 | Feb 17, 2017 | S | 6,306 | $72.8591 | D | 5,153 | 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 RightsF3 | $21.70 | Feb 15, 2017 | M | 13,190 | D | — | Feb 22, 2020 | Common Stock | 13,190 | 0 | D |
Explanation of responses
- F1This represents the difference between the number of SARs exercised (13,190) and the number of shares issued as a result of the exercise (6,306). 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 ($73.185) and the exercise price ($21.70). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
- F2This price represents the average sale price for multiple transactions on this line. The prices of the transactions reported on this line ranged from $72.74 to $73.01. 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.
- F34,397 SARs became exercisable on February 22, 2011, 4,397 SARs became exercisable on February 22, 2012 and 4,396 SARs became exercisable on February 22, 2013.