DallasNews Corp — Director's Dealing 2016

May 13, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: A. H. Belo Corp (AHC)
CIK: 0001413898
Period of Report: 2016-05-12

Reporting Person: CALDERA LOUIS E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-12	Series A Common Stock	M	9195	—	Acquired	25250	Direct
2016-05-12	Series A Common Stock	D	3678	$5.02	Disposed	21572	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-12	Restricted Stock Units (Time-Based)	$	M	9195	Disposed		Series A Common Stock (9195)	Direct
2016-05-12	Restricted Stock Units (Time-Based)	$	A	11653	Acquired		Series A Common Stock (11653)	Direct

Footnotes

F1: The number of shares shown represents the time-based restricted stock units (TBRSUs) that vested on May 15, 2014 and were settled on May 12, 2016. These TBRSUs were awarded on May 16, 2013.

F2: Each TBRSU represents a contingent right to receive the value of one share of A. H. Belo Corporation Series A Common Stock. These TBRSUs are valued as of the date of settlement and are paid 60% in shares of A. H. Belo Corporation Series A Common Stock and 40% in cash.

F3: The number of shares shown represents the settlement of the 40% cash portion of TBRSUs that were settled and paid on May 12, 2016. Settlement of the cash portion is, pursuant to SEC guidance, deemed to be a sale of shares to the Company.

F4: These TBRSUs were awarded on May 16, 2013.

F5: These TBRSUs vested 100% on May 15, 2014 and were settled on May 12, 2016.

F6: These TBRSUs vest 100% on the date of the Company's 2017 annual meeting of shareholders and are settled within 10 business days of the 2019 annual meeting of shareholders.