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Filing Details

Accession Number:: 0001181431-10-026607
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-05-13 13:00:00
Reporting Period:: 2010-05-11

Filing Date:: 2010-05-13
Accepted Time:: 2010-05-13 16:22:57
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
356080	Belo Corp	BLC	Television Broadcasting Stations (4833)	750135890

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
903649	W Robert Decherd	Belo Corp. P.o. Box 655237 Dallas TX 75265-5237		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Series A Common Stock	Disposition	2010-04-20	11,560	$0.00	520,531	No	5	G	Direct
Series A Common Stock	Acquisiton	2010-05-11	564	$0.00	521,095	No	4	M	Direct
Series A Common Stock	Disposition	2010-05-11	226	$7.80	520,869	No	4	D	Direct
Series A Common Stock	Acquisiton	2010-05-11	35,000	$0.00	555,869	No	4	M	Direct
Series A Common Stock	Disposition	2010-05-11	14,000	$7.80	541,869	No	4	D	Direct
Series A Common Stock	Disposition	2010-05-11	120,000	$7.79	421,869	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	5	G	Direct
No	4	M	Direct
No	4	D	Direct
No	4	M	Direct
No	4	D	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Series A Common Stock	Restricted Stock Units (Time-Based)	Disposition	2010-05-11	564	$0.00	564	$0.00
Series A Common Stock	Restricted Stock Units (Time-Based)	Disposition	2010-05-11	35,000	$0.00	35,000	$0.00
Series A Common Stock	Restricted Stock Units (Time-Based)	Acquisiton	2010-05-11	8,974	$0.00	8,974	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	M	Direct
0	No	4	M	Direct
8,974	No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Series A Common Stock	1,200	Indirect	By Spouse
Series A Common Stock	5,468	Indirect	By 401K Account

Footnotes

The number of shares shown represents the time-based restricted stock units (TBRSUs) that vested on May 13, 2008 and were settled on May 11, 2010. These TBRSUs were awarded on February 27, 2008.
Each TBRSU represents a contingent right to receive the value of one share of Belo Corp. Series A Common Stock. These TBRSUs are valued as of the date of settlement and are paid 60% in shares of Belo Corp. Series A Common Stock and 40% in cash.
The number of shares shown represents settlement of the 40% cash portion of TRBSUs that vested on May 13, 2008 and were settled on May 11, 2010. Settlement of the cash portion is, pursuant to SEC guidance, deemed to be a sale of shares to the Company.
The number of shares shown represents the time-based restricted stock units (TBRSUs) that vested on May 11, 2010 and settled the same date. These TBRSUs were awarded on May 12, 2009.
The number of shares shown represents settlement of the 40% cash portion of TRBSUs that vested on May 11, 2010 and settled the same date. Settlement of the cash portion is, pursuant to SEC guidance, deemed to be a sale of shares to the Company.
The open market sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 13, 2009.
Represents the average sale price per share. Shares sold in open market as follows: 100 shares @ $7.45 per share; 1,300 shares @ $7.47 per share; 100 shares @ $7.52 per share; 700 shares @ $7.54 per share; 100 shares @ $7.56 per share; 1,400 shares @ $7.58 per share; 800 shares @ $7.59 per share; 2,300 shares @ $7.60 per share; 2,400 shares @ $7.61 per share; 2,200 shares @ $7.62 per share; 2,100 shares @ $7.63 per share; 2,300 shares @ $7.64 per share; 1,200 shares @ $7.65 per share; 4,800 shares @ $7.66 per share; 6,500 shares @ $7.67 per share; 1,500 shares @ $7.68 per share; 2,200 shares @ $7.69 per share; 1,800 shares @ $7.70 per share;
Continuation of Footnote 7: 500 shares @ $7.71 per share; 700 shares @ $7.74 per share; 4,100 shares @ $7.75 per share; 4,100 shares @ $7.76 per share; 4,700 shares @ $7.77 per share; 3,200 shares @ $7.78 per share; 3,660 shares @ $7.79 per share; 8,500 shares @ $7.80 per share; 6,100 shares @ $7.81 per share; 800 shares @ $7.82 per share; 3,150 shares @ $7.83 per share; 1,800 shares @ $7.84 per share; 3,400 shares @ $7.85 per share; 2,630 shares @ $7.86 per share; 6,800 shares @ $7.87 per share; 2,600 shares @ $7.88 per share; 3,000 shares @ $7.89 per share; 3,200 shares @ $7.90 per share; 5,020 shares @ $7.91 per share; 5,700 shares @ $7.92 per share; 1,400 shares @ $7.93 per share; 2,400 shares @ $7.94 per share; 2,900 shares @ $7.95 per share; 1,800 shares @ $7.96 per share; 3,100 shares @ $7.97 per share; and, 940 shares @ $7.98 per share.
The reporting person disclaims beneficial ownership of these securities.
Held by the A. H. Belo Savings Plan as of May 11, 2010.
These TBRSUs were awarded on February 27, 2008.
These TBRSUs vested 100% on May 13, 2008 and were settled on May 11, 2010.
These TBRSUs were awarded on May 12, 2009.
These TBRSUs vested 100% on May 11, 2010 and were settled same date.
These TBRSUs vest 100% on the earlier of June 30, 2011 or the date of the Company's 2011 annual meeting of shareholders and are settled on or within 10 business days of the vesting date.