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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
BELO CORP [ BLC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/01/2005 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Series B Common Stock | 01/06/2005 | G | V | 30,000 | D | $0 | 5,006,753 | D | ||
Series B Common Stock | 1,200 | I | By Spouse(1) | |||||||
Series B Common Stock | 434,960 | I | By GRATs(2)(3) | |||||||
Series A Common Stock | 01/12/2005 | G | V | 1,750 | D | $0 | 1,081,525 | D | ||
Series A Common Stock | 03/01/2005 | S(4) | 40,000 | D | $23.7918(5) | 1,041,525 | D | |||
Series A Common Stock | 1,200 | I | By Spouse(1) | |||||||
Series A Common Stock | 4,933 | I | By 401(k) Plan(6) | |||||||
Series A Common Stock | 91,842 | I | By GRATs(2)(7) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. The reporting person disclaims beneficial ownership of these securities. |
2. The reporting person is the settlor and trustee of each grantor retained annuity trust ("GRAT") and receives annual annuity payments therefrom. The reporting person's children are the remaindermen. |
3. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. These Series B shares are held in several GRATs in the following amounts: 65,909 shares in the 2000-3 GRAT, 101,183 shares in the 2000-4 GRAT, 66,920 shares in the 2004 GRAT, 100,948 shares in the 2004-2 GRAT, and 100,000 shares in the 2005 GRAT. |
4. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2001. The reporting person terminated the trading plan effective March 2, 2005. |
5. Represents the average sale price per share. Shares sold in open market as follows: 4,100 shares @ $23.5744 per share; 1,700 shares @ $23.5959 per share; 3,800 shares @ $23.7761 per share; 4,500 shares @ $23.7831 per share; 5,200 shares @ $23.7923 per share; 4,400 shares @ $23.8377 per share; 5,300 shares @ $23.8391 per share; 700 shares @ $23.8471 per share; 3,100 shares @ $23.8629 per share; 2,100 shares @ $23.8648 per share; and 5,100 shares @ $23.8812 per share. |
6. Held by the Belo Savings Plan as of January 31, 2005. |
7. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. These Series A shares are held in several GRATs in the following amounts: 27,972 shares in the 1999-2 GRAT and 63,870 shares in the 2000-4 GRAT. |
Kay F. Stockler, Attorney-in-Fact | 03/03/2005 | |
** 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |