BELDEN INC. — Director's Dealing 2021

Aug 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BELDEN INC. (BDC)
CIK: 0000913142
Period of Report: 2021-08-05

Reporting Person: Vestjens Roel (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-05	Common Stock	M	980	$39.83	Acquired	54655	Direct
2021-08-05	Common Stock	D	811	$52.901	Disposed	53844	Direct
2021-08-05	Common Stock	S	7013	$52.5187	Disposed	46831	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-05	Stock Appreciation Rights	$39.83	M	980	Disposed	2022-02-27	Common Stock (980)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	294.1331	Indirect

Footnotes

F1: This represents the difference between the number of SARs exercised (980) and the number of shares issued as a result of the exercise (169). 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 ($52.9010) and the exercise price ($39.83). Additional shares are then withheld to satisfy the Company's tax withholding obligations.

F2: This price represents the average purchase price for multiple transactions on this line. The prices of the transactions reported on this line ranged from $52.5010 to $52.64. Upon request by the SEC staff, the Issuer or a security holder of the Issuer, the Reporting Person will undertake to provide full information regarding the number of shares and prices at which transactions were effected.

F3: Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing.

F4: 327 SARs became exercisable on February 27, 2013 and 327 SARs became exercisable on February 27, 2014 and 326 SARs became exercisable on February 27, 2015.