Brian E. Anderson - Feb 25, 2022 Form 4 Insider Report for BELDEN INC. (BDC)

Role: SVP, Legal, GC and Corp. Sec.
Signature: /s/ Brian E. Anderson
Stock symbol: BDC
Transactions as of: Feb 25, 2022
Transactions value $: -$12,734
Form type: 4
Date filed: 3/1/2022, 07:55 PM
Previous filing: Feb 24, 2022
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BDC	Common Stock	Options Exercise	$91.2K	+2.29K	+7.88%	$39.83	31.3K	Feb 25, 2022	Direct
transaction	BDC	Common Stock	Disposed to Issuer	-$104K	-1.87K	-5.96%	$55.62	29.5K	Feb 25, 2022	Direct	F1
transaction	BDC	Common Stock	Award	$0	+2.65K	+8.98%	$0.00	32.1K	Feb 28, 2022	Direct	F2
holding	BDC	Common Stock						308	Feb 25, 2022	By 401(k) Plan	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BDC	Stock Appreciation Rights	Options Exercise	$0	-2.29K	-100%	$0.00^*	0	Feb 25, 2022	Common Stock	2.29K	$39.83	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This represents the difference between the number of SARs exercised (2,290) and the number of shares issued as a result of the exercise (421). 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 ($55.615) and the exercise price ($39.83). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
F2	On February 28, 2019, the Reporting Person received a grant of 3,860 performance stock units ("PSUs"). Following the three-year performance period, a conversion factor of 1.01 was applied to the PSUs resulting in an award of 3,899 shares, subject to tax withholding. The number in this cell reflects the after-tax number of shares delivered to the Reporting Person.
F3	Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan by the Reporting Person as of January 31, 2022.
F4	764 SARs became exercisable on February 27, 2013, 763 SARs became exercisable on February 27, 2014 and 763 SARs became exercisable on February 27, 2015.