BELDEN INC. — Director's Dealing 2021

Mar 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BELDEN INC. (BDC)
CIK: 0000913142
Period of Report: 2021-03-01

Reporting Person: Anderson Brian Edward (SVP, Legal, GC and Corp. Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock	M	1590	$35.83	Acquired	28195	Direct
2021-03-01	Common Stock	D	1368	$45.695	Disposed	26827	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Stock Appreciation Rights	$35.83	M	1590	Disposed	2021-03-01	Common Stock (1590)	Direct

Footnotes

F1: This represents the difference between the number of SARs exercised (1,590) and the number of shares issued as a result of the exercise (222). 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 ($45.695) and the exercise price ($35.83). Additional shares are then withheld to satisfy the Company's tax withholding obligations.

F2: 530 SARs became exercisable on March 1, 2012, 530 SARs became exercisable on March 1, 2013 and 530 SARs became exercisable on March 1, 2014.