| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BDC | Common Stock | Sale | $2,500,314 | -26,371 | -37% | $94.81 | 45,682 | 20 Jun 2023 | Direct | F1, F2 |
| transaction | BDC | Common Stock | Options Exercise | $39,033 | +738 | +1.6% | $52.89 | 46,420 | 20 Jun 2023 | Direct | |
| transaction | BDC | Common Stock | Disposed to Issuer | $54,435 | -575 | -1.2% | $94.67 | 45,845 | 20 Jun 2023 | Direct | F3 |
| transaction | BDC | Common Stock | Options Exercise | $591,948 | +9,580 | +21% | $61.79 | 55,425 | 20 Jun 2023 | Direct | |
| transaction | BDC | Common Stock | Disposed to Issuer | $748,745 | -7,909 | -14% | $94.67 | 47,516 | 20 Jun 2023 | Direct | F4 |
| transaction | BDC | Common Stock | Options Exercise | $475,449 | +9,297 | +20% | $51.14 | 56,813 | 20 Jun 2023 | Direct | |
| transaction | BDC | Common Stock | Disposed to Issuer | $676,701 | -7,148 | -13% | $94.67 | 49,665 | 20 Jun 2023 | Direct | F5 |
| transaction | BDC | Common Stock | Options Exercise | $394,622 | +8,748 | +18% | $45.11 | 58,413 | 20 Jun 2023 | Direct | |
| transaction | BDC | Common Stock | Disposed to Issuer | $610,148 | -6,445 | -11% | $94.67 | 51,968 | 20 Jun 2023 | Direct | F6 |
| transaction | BDC | Common Stock | Options Exercise | $207,522 | +3,858 | +7.4% | $53.79 | 55,826 | 20 Jun 2023 | Direct | |
| transaction | BDC | Common Stock | Disposed to Issuer | $285,998 | -3,021 | -5.4% | $94.67 | 52,805 | 20 Jun 2023 | Direct | F7 |
| holding | BDC | Common Stock | 789 | 20 Jun 2023 | By 401(k) Plan | F8 |
| 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 | -738 | -100% | $0.000000* | 0 | 20 Jun 2023 | Common Stock | 738 | $52.89 | Direct | F9 |
| transaction | BDC | Stock Appreciation Rights | Options Exercise | $0 | -9,580 | -100% | $0.000000* | 0 | 20 Jun 2023 | Common Stock | 9,580 | $61.79 | Direct | F10 |
| transaction | BDC | Stock Appreciation Rights | Options Exercise | $0 | -9,297 | -100% | $0.000000* | 0 | 20 Jun 2023 | Common Stock | 9,297 | $51.14 | Direct | F11 |
| transaction | BDC | Stock Appreciation Rights | Options Exercise | $0 | -8,748 | -67% | $0.000000 | 4,373 | 20 Jun 2023 | Common Stock | 8,748 | $45.11 | Direct | F12 |
| transaction | BDC | Stock Appreciation Rights | Options Exercise | $0 | -3,858 | -33% | $0.000000 | 7,714 | 20 Jun 2023 | Common Stock | 3,858 | $53.79 | Direct |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | As indicated at the top of this Form 4, all of the transactions reflected herein were effected pursuant to a 10b5-1 plan, with the proceeds directed towards the purchase of a primary residence. |
| F2 | This price represents the average sale price for multiple transactions on this line. The prices of the transactions reported on this line ranged from $94.15 to $95.20. 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. |
| F3 | This represents the difference between the number of SARs exercised (738) and the number of shares issued as a result of the exercise (163). 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 ($94.67) and the exercise price ($52.89). Additional shares are then withheld to satisfy the Company's tax withholding obligations. |
| F4 | This represents the difference between the number of SARs exercised (9,580) and the number of shares issued as a result of the exercise (1,671). 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 ($94.67) and the exercise price ($61.79). Additional shares are then withheld to satisfy the Company's tax withholding obligations. |
| F5 | This represents the difference between the number of SARs exercised (9,297) and the number of shares issued as a result of the exercise (2,149). 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 ($94.67) and the exercise price ($51.14). Additional shares are then withheld to satisfy the Company's tax withholding obligations. |
| F6 | This represents the difference between the number of SARs exercised (8,748) and the number of shares issued as a result of the exercise (2,303). 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 ($94.67) and the exercise price ($45.11). Additional shares are then withheld to satisfy the Company's tax withholding obligations. |
| F7 | This represents the difference between the number of SARs exercised (3,858) and the number of shares issued as a result of the exercise (837). 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 ($94.67) and the exercise price ($53.79). Additional shares are then withheld to satisfy the Company's tax withholding obligations. |
| F8 | Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing. |
| F9 | 369 SARs became exercisable on February 24, 2018 and 369 SARs became exercisable on February 24, 2019. |
| F10 | 3,194 SARs became exercisable on February 28, 2020, 3,193 SARs became exercisable on February 28, 2021 and 3,193 SARs became exercisable on February 28, 2022. |
| F11 | 3,099 SARs became exercisable on February 11, 2021, 3,099 SARs became exercisable on February 11, 2022 and 3,099 SARs became exercisable on February 11, 2023. |
| F12 | 4,374 SARs became exercisable on February 16, 2022 and 4,374 SARs became exercisable on February 16, 2023. |