BELDEN INC. — Director's Dealing 2010

Mar 26, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BELDEN INC. (BDC)
CIK: 0000913142
Period of Report: 2010-03-25

Reporting Person: STAPLES CATHY O (SVP, Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-25	Common Stock	M	10000	$19.075	Acquired	57390	Direct
2010-03-25	Common Stock	S	577	$25.38	Disposed	56813	Direct
2010-03-25	Common Stock	S	3000	$25.40	Disposed	53813	Direct
2010-03-25	Common Stock	S	300	$25.4006	Disposed	53513	Direct
2010-03-25	Common Stock	S	2323	$25.41	Disposed	51190	Direct
2010-03-25	Common Stock	S	377	$25.42	Disposed	50813	Direct
2010-03-25	Common Stock	S	123	$25.4201	Disposed	50690	Direct
2010-03-25	Common Stock	S	300	$25.4211	Disposed	50390	Direct
2010-03-25	Common Stock	S	100	$25.43	Disposed	50290	Direct
2010-03-25	Common Stock	S	2900	$25.44	Disposed	47390	Direct
2010-03-25	Common Stock	M	5167	$11.92	Acquired	52557	Direct
2010-03-25	Common Stock	D	3311	$25.465	Disposed	49246	Direct
2010-03-26	Common Stock	S	556	$25.61	Disposed	48690	Direct
2010-03-26	Common Stock	S	100	$25.6201	Disposed	48590	Direct
2010-03-26	Common Stock	S	856	$25.64	Disposed	47734	Direct
2010-03-26	Common Stock	S	100	$25.6401	Disposed	47634	Direct
2010-03-26	Common Stock	S	244	$25.65	Disposed	47390	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-25	Stock Options	$19.075	M	10000	Disposed	2014-02-23	Common Stock (10000)	Direct
2010-03-25	Stock Appreciation Rights	$11.92	M	5167	Disposed	2019-02-24	Common Stock (5167)	Direct

Footnotes

F1: This represents the difference between the number of SARs exercised (5,167) and the number of shares issued as a result of the exercise (1,856). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($25.465) and the exercise price ($11.92). Additional shares are then withheld to satisfy the Company's tax withholding obligations.

F2: The options became exercisable in three equal annual installments on February 23, 2005, February 23, 2006 and February 23, 2007.

F3: 5,167 SARs became exercisable on February 24, 2010. The remaining 10,333 SARs will become exercisable in equal installments on February 24, 2011 and February 24, 2012.