X0306 4 2018-02-28 0 0000913142 BELDEN INC. BDC 0001632666 Anderson Brian Edward C/O BELDEN INC. 1 N. BRENTWOOD BLVD., 15TH FLOOR SAINT LOUIS MO 63105 0 1 0 0 SVP, Legal, GC and Corp. Sec. Stock Appreciation Rights 72.73 2018-02-28 4 A 0 7257 0.00 A 2019-02-28 2028-02-28 Common Stock 7257 7257 D The Stock Appreciation Rights (SARs) were issued at the closing price of the Company's stock on February 28, 2018 ($72.73). They will vest in equal amounts over three years and will expire ten years after the grant date. Upon exercise, the holder will receive in Belden stock the excess of fair market value per share at the time of exercise over the exercise price, times the number of SARs being exercised (after tax withholding, if applicable). Additional terms apply in the event of the holder's termination, death, disability or retirement. /s/ Brian E. Anderson 2018-03-02