Doug Zink - Nov 15, 2022 Form 4 Insider Report for BELDEN INC. (BDC)

Role: VP and CAO
Signature: /s/ Doug Zink
Stock symbol: BDC
Transactions as of: Nov 15, 2022
Transactions value $: -$29,890
Form type: 4
Date filed: 11/18/2022, 03:29 PM
Previous filing: Nov 9, 2022
Next filing: Feb 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BDC	Common Stock	Options Exercise	$55.4K	+1.05K	+14.8%	$52.89	8.13K	Nov 15, 2022	Direct
transaction	BDC	Common Stock	Disposed to Issuer	-$64.4K	-791	-9.73%	$81.46	7.34K	Nov 15, 2022	Direct	F1
transaction	BDC	Common Stock	Sale	-$20.9K	-257	-3.5%	$81.28	7.08K	Nov 18, 2022	Direct
holding	BDC	Common Stock						657	Nov 15, 2022	By 401(k) Plan	F2

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	-1.05K	-100%	$0.00^*	0	Nov 15, 2022	Common Stock	1.05K	$52.89	Direct	F3

* 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 (1,048) and the number of shares issued as a result of the exercise (257). 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 ($81.455) and the exercise price ($52.89). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
F2	Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing.
F3	350 SARs became exercisable on February 24, 2017, 349 SARs became exercisable on February 24, 2018 and 349 SARs became exercisable on February 24, 2019.