Sec Form 4 Filing - DECHERD ROBERT W @ BELO CORP - 2012-11-29

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
DECHERD ROBERT W
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 (MM/DD/YY)
11/29/2012
(Street)
DALLAS, TX75202
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 A Common Stock 11/30/2012 S 1,200 D $ 7.26 ( 1 ) 229,825 I By GRAT ( 8 )
Series A Common Stock 11/30/2012 S 500 D $ 7.26 ( 4 ) 156,023 I By Spouse ( 2 )
Series A Common Stock 11/29/2012 S 22,944 D $ 7.25 ( 6 ) 177,056 I By Family LP I ( 5 )
Series A Common Stock 11/30/2012 S 26,042 D $ 7.28 ( 7 ) 151,014 I By Family LP I ( 5 )
Series A Common Stock 11/30/2012 S 500 D $ 7.27 ( 9 ) 199,500 I By Family LP II ( 5 )
Series A Common Stock 5,468 I By 401K Account ( 3 )
Series A Common Stock 101,745 D
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
DECHERD ROBERT W
BELO CORP.
400 S. RECORD STREET
DALLAS, TX75202
X
Signatures
Christine Larkin, Attorney-In-Fact 12/03/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the average sale price per share. Shares sold in open market as follows: 400 shares @ $7.25 per share; 200 shares @ $7.26 per share; and 600 shares @ $7.27 per share.
( 2 )The reporting person disclaims beneficial ownership of these securities.
( 3 )Held by the A. H. Belo Corporation Savings Plan as of the date of this report.
( 4 )Represents the average sale price per share. Shares sold in open market as follows: 100 shares @ $7.25 per share; 100 shares @ $7.26 per share; and 300 shares @ $7.27 per share.
( 5 )The reporting person is the managing general partner of the family partnership that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
( 6 )All shares were sold in the open market at $7.25 per share.
( 7 )Represents the average sale price per share. Shares sold in open market as follows: 742 shares @ $7.25 per share; 100 shares @ $7.27 per share; 5,000 shares @ $7.275 per share; 5,900 shares @ $7.28 per share; 6,200 shares @ $7.285; and 8,100 shares @ $7.29 per share.
( 8 )The reporting person is the settlor and trustee of grantor retained annuity trusts ("GRATs") and receives annual annuity payments therefrom. The reporting person's children are the remaindermen. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. These Series A shares are held in several GRATs in the following amounts: 75,102 shares in the Decherd 2010 GRAT; and 154,723 shares in the Decherd 2012 GRAT.
( 9 )Represents the average sale price per share. Shares sold in open market as follows: 100 shares @ $7.2501 per share; and 400 shares @ $7.27 per share.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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