SEC Form 4 · accession 0001209191-17-013012
BELDEN INC. · BDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christoph Gusenleitner
Officer — EVP, Industrial Connectivity
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 8:08 am 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 17, 2017 | M | 12,000 | $39.83 | A | 21,332 | D | |
| Common StockF1 | Feb 17, 2017 | D | 9,147 | $72.785 | D | 12,185 | 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 RightsF2 | $39.83 | Feb 17, 2017 | M | 12,000 | D | — | Feb 27, 2022 | Common Stock | 12,000 | 4,550 | D |
Explanation of responses
- F1This represents the difference between the number of SARs exercised (12,000) and the number of shares issued as a result of the exercise (2,853). 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 ($72.785) and the exercise price ($39.83). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
- F2From the original grant of 22,550 SARs, 7,517 became exercisable on February 27, 2013. 7,517 SARs will become exercisable on February 27, 2014 and 7,516 SARs will become exercisable on February 27, 2015.