XNYS:BLC Insider Activity 4 Filing - 3/6/2012

Effective Date 3/6/2012

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HERNDON DEALEY D
  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
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
BELO CORP., 400 S. RECORD STREET
3. Date of Earliest Transaction (Month/Day/Year)
03/06/2012
(Street)

DALLAS, TX 75202
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 B Common Stock(1) 03/06/2012   C   305,000 D $ 0 (2) 2,066,248 D  
Series A Common Stock(1) 03/06/2012   C   305,000 A $ 0 (2) 335,804 D  
Series A Common Stock 03/06/2012   S   50,000 D $6.78(3) 285,804 D  
Series A Common Stock 03/07/2012   S   150,000 D $6.84(4)(5)(6)(7)(8) 135,804 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HERNDON DEALEY D
BELO CORP.
400 S. RECORD STREET
DALLAS, TX 75202
  X      

Signatures

 Christine Larkin, Attorney-in-Fact   03/07/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Belo Series B Common Stock is not publicly traded but is convertible at any time on a share-for-share basis into Series A shares.
(2) No consideration; converted on a share-for-share basis.
(3) Represents the average sale price per share. Shares sold in open market as follows: 3,500 shares @ $6.76 per share; 400 shares @ $6.7650 per share; 21,400 shares @ $6.77 per share; 200 shares @ $6.7706 per share; 200 shares @ $6.7709 per share; 900 shares @ $6.7710 per share; 200 shares @ $6.7713 per share; 3,900 shares @ $6.775 per share; 8,200 shares @ $6.78 per share; 4,110 shares @ $6.781 per share; 400 shares @ $6.7813 per share; 200 shares @ $6.7814 per share; 400 shares @ $6.7836 per share; 1,500 shares @ $6.7850 per share; 1,390 shares @ $6.79 per share; 200 shares @ $6.7902 per share; 100 shares @ $6.7906 per share; 200 shares @ $6.7912 per share; 1,200 shares @ $6.7950 per share; and 1,400 shares @ $6.80 per share.
(4) Represents the average sale price per share: 200 shares @ $$6.91 per share; 100 shares @ $6.907 per share; 100 shares @ $6.905 per share; 1,800 shares @ $6.90 per share; 100 shares @ $6.897 per share; 500 shares @ $6.895 per share; 100 shares @ $6.8912 per share; 100 shares @ $6.8906 per share; 3,200 shares @ $6.89 per share; 400 shares @ $6.885 per share; 200 shares @ $6.8822 per share; 100 shares @ $6.882 per share; 100 shares @ $6.8818 per share; 100 shares @ $6.8817 per share; 100 shares @ $6.8816 per share; 100 shares @ $6.8813 per share; 800 shares @ $6.8810 per share; 100 shares @ $6.8808 per share; 100 shares @ $6.8805 per share; 100 shares @ $6.8803 per share;
(5) Continuation of Footnote 4: 4,300 shares @ $6.88 per share; 300 shares @ $6.8775 per share; 300 shares @ $6.875 per share; 600 shares @ $6.8725 per share; 100 shares @ $6.8715 per share; 100 shares @ $6.8712; 200 shares @ $6.8710 per share; 100 shares @ $6.8709 per share; 100 shares @ $6.8704 per share; 200 shares @ $6.8703 per share; 200 shares @ $6.8702 per share; 100 shares @ $6.8701 per share; 9,300 shares @ $6.87 per share; 100 shares @ $6.8650 per share; 900 shares @ $6.8610 per share; 300 shares @ $6.8608 per share; 200 shares @ $6.8607 per share; 300 shares @ $6.8606 per share; 300 shares @ $6.8605 per share; 200 shares @ $6.8604
(6) Continuation of Footnote 5: 100 shares @ $6.8602 per share; 7,700 shares @ $6.86 per share; 800 shares @ $6.855 per share; 100 shares @ $6.8526 per share; 200 shares @ $6.8523 per share; 100 shares @ $6.8518 per share; 100 shares @ $6.8517 per share; 500 shares @ $6.8512 per share; 200 shares @ $6.8511 per share; 2,100 shares @ $6.8510 per share; 200 shares @ $6.8509 per share; 600 shares @ $6.8507 per share; 200 shares @ $6.8506 per share; 100 shares @ $6.8505 per share; 200 shares @ $6.8504 per share; 300 shares @ $6.8503 per share; 100 shares @ $6.8502 per share; 20,575 shares @ $6.85 per share; 200 shares @ $6.8470 per share; 4,000 shares @ $6.845 per share;
(7) Continuation of Footnote 6: 100 shares @ $6.8425 per share; 200 shares @ $6.8412 per share; 1,100 shares @ $6.8410 per share; 100 shares @ $6.8407 per share; 100 shares @ $6.8406 per share; 400 shares @ $6.8405 per share; 100 shares @ $6.8404 per share; 600 shares @ $6.8403 per share; 200 shares @ $6.8401 per share; 15,700 shares @ $6.84 per share; 100 shares @ $6.835 per share; 1,000 shares @ $6.8325 per share; 200 shares @ $6.8323 per share; 400 shares @ $6.8321 per share; 500 shares @ $6.8317 per share; 100 shares @ $6.8314 per share; 100 shares @ $6.8313 per share; 600 shares @ $6.8312 per share; 2,500 shares @ $6.831 per share; 300 shares @ $6.8309 per share;
(8) Continuation of Footnote 7: 100 shares @ $6.8307 per share; 400 shares @ $6.8306 per share; 300 shares @ $6.8305 per share; 200 shares @ $6.8304 per share; 100 shares @ $6.8303 per share; 400 shares @ $6.8302 per share; 900 shares @ $6.8301 per share; 19,346 shares @ $6.83 per share; 600 shares @ $6.8250 per share; 100 shares @ $6.8217 per share; 300 shares @ $6.8213 per share; 600 shares @ $6.8212 per share; 1,400 shares @ $6.8209 per share; 300 shares @ $6.8208 per share; 400 shares @ $6.8207 per share; 200 shares @ $6.8206 per share; 200 shares @ $6.8205 per share; 400 shares @ $6.8204 per share; 300 shares @ $6.8203 per share; 100 shares @ $6.8202 per share; 200 shares @ $6.8201 per share, 21,279 shares @ $6.82 per share; 200 shares @ $6.811 per share; 200 shares @ $6.8101 per share; 4,175 shares @ $6.81 per share; 1,300 shares @ $6.8025 per share; 500 shares @ $6.8010 per share; 6,125 shares @ $6.80 per share.

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XNYS:BLC Insider Activity 4 Filling

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XNYS:BLC Insider Activity 4 Filing - 3/6/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Title |  Date |  Company |  Symbol |  Interest |  Popularity

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