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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* SHIVE DUNIA A (Last) (First) (Middle) BELO CORP. 400 S. RECORD STREET (Street) DALLAS TX 75202 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol BELO CORP [ BLC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President/CEO
	3. Date of Earliest Transaction (Month/Day/Year) 02/08/2013
	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)
			Code	V	Amount	(A) or (D)	Price
Series A Common Stock	02/08/2013		M		108,900(1)	A	(2)	313,178	D
Series A Common Stock	02/08/2013		D(3)		43,560(3)	D	$8.86	269,618	D
Series A Common Stock	02/08/2013		M		25,843(4)	A	(2)	295,461	D
Series A Common Stock	02/08/2013		D(5)		10,338(5)	D	$8.86	285,123	D
Series A Common Stock								3,633	I	By 401k Account(6)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (Time-Based)(7)	(2)	02/08/2013		M			108,900	(8)	(8)	Series A Common Stock	108,900(2)	$0	0	D
Restricted Stock Units (Performance-Related)(9)	(2)	02/08/2013		M			25,843	(10)	(10)	Series A Common Stock	25,843(2)	$0	0	D

Explanation of Responses:

1. The number of shares shown represents the time-based restricted stock units (TBRSUs) that vested and were paid on February 8, 2013. These TBRSUs were awarded on March 4, 2010.

2. Each restricted stock unit (RSU) represents a contingent right to receive the value of one share of Belo Corp. Series A Common Stock. RSUs are valued as of the date of vesting and are paid 60% in shares of Belo Corp. Series A Common Stock and 40% in cash.

3. The number of shares shown represents settlement of the 40% cash portion of TBRSUs that vested and were paid on February 8, 2013. Pursuant to SEC guidance, settlement of the cash portion is deemed a disposition of shares to the Company.

4. The number of shares shown represents the portion of the March 3, 2011 performance-related restricted stock units (PBRSUs) that vested and were paid on February 8, 2013. These PBRSUs were awarded on March 3, 2011.

5. The number of shares shown represents settlement of the 40% cash portion of PBRSUs that vested and were paid on February 8, 2013. Pursuant to SEC guidance, settlement of the cash portion is deemed a disposition of shares to the Company.

6. Held by the Belo Savings Plan as of February 8, 2013.

7. These TBRSUs were awarded on March 4, 2010.

8. These TBRSUs vest 100% and are paid as soon as practicable following February 8, 2013, which was the annual earnings release date for the fiscal year ended December 31, 2012.

9. These PBRSUs were awarded on March 3, 2011. The actual number of PBRUSs earned was determined on March 1, 2012.

10. One-third of these PBRSUs vests and is paid out as soon as practicable following each annual earnings release date for the fiscal years ending December 31, 2011, 2012 and 2013. Earned PBRSUs not yet paid are subject to additional vesting requirements that depend on the continued employment of the reporting person with the Company.

	Russell F. Coleman, Attorney-In-Fact	02/12/2013
	** 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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