SEC Form 4 · accession 0001209191-18-014006
BELDEN INC. · BDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ross Rosenberg
Officer — SVP, Bus. Dev. & Strategy
Period of report
Feb 27, 2018
Accepted (ET)
Feb 27, 2018 · 5:12 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 27, 2018 | S | 779 | $75.00 | D | 5,329 | D | |
| Common Stock | Feb 27, 2018 | M | 2,477 | $50.01 | A | 7,806 | D | |
| Common StockF3 | Feb 27, 2018 | D | 1,927 | $75.00 | D | 5,879 | 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 | Feb 27, 2018 | M | 2,477 | D | Mar 4, 2014 | Mar 4, 2023 | Common Stock | 2,477 | 0 | D |
Explanation of responses
- F1The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Rosenberg on September 15, 2017.
- F2The exercise reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Rosenberg on September 15, 2017.
- F3This represents the difference between the number of SARs exercised (2,477) and the number of shares issued as a result of the exercise (550). 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 ($75.00) and the exercise price ($50.01). Additional shares are then withheld to satisfy the Company's tax withholding obligations.