SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

McKEON JOHN C

(Last)

(First)

(Middle)

C/O THE DALLAS MORNING NEWS, INC.

508 YOUNG STREET

(Street)

DALLAS

75202

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
A. H. Belo CORP [ AHC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Pres/GM of Dallas Morning News

3. Date of Earliest Transaction (Month/Day/Year)
12/07/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series B Common Stock	12/07/2010		M		12,000	A	$2.05	28,000	D
Series B Common Stock	12/07/2010		M		19,089	A	$6.6	47,089	D
Series B Common Stock⁽¹⁾	12/07/2010		C		19,089	D	$0⁽²⁾	28,000	D
Series A Common Stock⁽¹⁾	12/07/2010		C		19,089	A	$0⁽²⁾	20,013	D
Series A Common Stock	12/07/2010		S		19,089	D	$8.2712⁽³⁾	924	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$6.6	12/07/2010		M			19,089	⁽⁴⁾	07/23/2018	Series B Common Stock	19,089	$0	8,181	D
Employee Stock Option (Right to Buy)	$2.05	12/07/2010		M			12,000	⁽⁵⁾	12/03/2018	Series B Common Stock	12,000	$0	12,000	D

Explanation of Responses:

1. Series B Common Stock is converted into Series A Common Stock upon transfer to other than a "permitted Transferee" as defined in the Issuer's Certificate of Incorporation.

2. No consideraton; converted on a share-for-share basis.

3. Represents the average sale price per share. Shares sold in the open market as follows: 4,751 shares @ $8.25 per share; 5,000 shares @ $8.2502 per share; 125 shares @ $8.258 per share; 1,600 shares @ $8.2588 per share; 125 shares @ $8.26 per share; 250 shares @ $8.2601 per share; 2,000 shares @ $8.2677 per share; 375 shares @ $8.2701 per share; 1,738 shares @ $8.2825 per share; 125 shares @ $8.2948 per share; 125 shares @ $8.3033 per share; 125 shares @ $8.31 per share; 2,000 shares @ $8.3265 per share; 125 shares @ $8.33 per share; 125 shares @ $8.34 per share; 125 shares @ $8.41 per share; 125 shares @ $8.436 per share; 125 shares @ $8.438 per share; and, 125 shares @ $8.44 per share.

4. The options became exercisable as to 10,908 shares on 7/23/2009 and as to 8,181 shares on 7/23/2010 and become exercisable as to the remaining shares on 7/23/2011.

5. The options became exercisable as to 16,000 shares on 12/3/2009 and as to 12,000 shares on 12/3/2010 and become exercisable as to the remaining shares on 12/3/2011.

	Kay F. Stockler, Attorney-in-Fact	12/08/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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