Sec Form 4 Filing - HENDRICKSON CAREY P @ BELO CORP - 2013-02-12

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 HENDRICKSON CAREY P 2. Issuer Name and Ticker or Trading Symbol BELO CORP [ BLC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP/CFO & Treasurer (Last) (First) (Middle) BELO CORP., 400 S. RECORD STREET 3. Date of Earliest Transaction (MM/DD/YY) 02/12/2013 (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 B Common Stock 02/12/2013 M 19,500 A $ 1.88 19,500 D Series B Common Stock ( 1 ) 02/12/2013 C 19,500 D $ 0 ( 2 ) 0 D Series A Common Stock 02/12/2013 C 19,500 A $ 0 ( 2 ) 60,896 D Series A Common Stock 02/12/2013 S 21,754 D $ 9.01 ( 3 ) 39,142 D Series A Common Stock 02/12/2013 S 19,500 D $ 9.01 ( 5 ) 19,642 D Series A Common Stock 2,053 I By 401k Account ( 6 )

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 Employee Stock Option (Right to Buy) $ 1.88 02/12/2013 M 19,500 ( 4 ) 12/05/2018 Series B Common Stock 19,500 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other HENDRICKSON CAREY P BELO CORP. 400 S. RECORD STREET DALLAS, TX75202 SVP/CFO & Treasurer Signatures Russell F. Coleman, Attorney-in-Fact 02/14/2013 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Series B Common Stock is converted into Series A Common Stock upon transfer to other than a "Permitted Transferee" as defined in the Issuer's Certificate of Incorporation. ( 2 )No consideration; converted on a share-for-share basis. ( 3 )Represents the average sale price per share. Shares sold in the open market as follows: 3,000 shares @ $9.000 per share; 1,500 shares @ $9.0100 per share; 5,154 shares @ $9.0205 per share; 500 shares @ $9.0002 per share; 1,600 shares @ $9.0200 per share; and 10,000 shares @ $9.0201 per share. ( 4 )The options become exercisable as to 7,800 shares on December 5, 2009, as to 5,850 shares on December 5, 2010, and as to the remaining shares on December 5, 2011. ( 5 )Represents the average sale price per share. Shares sold in the open market as follows: 200 shares @ $8.9600 per share; 100 shares @ $8.9650 per share; 200 shares @ $8.9750 per share; 2,200 shares @ $8.9800 per share; 100 shares @ $8.9825 per share; 300 shares @ $8.9850 per share; 800 shares @ $8.9900 per share; 1,726 shares @ $8.9901 per share; 200 shares @ $8.9925 per share; 200 shares @ $8.9950 per share; 3,274 shares @ $9.0000 per share; 100 shares @ $9.0025 per share; 500 shares @ $9.0050 per share; 1,600 shares @ $9.0100 per share; 100 shares @ $9.0125 per share; 1,100 shares @ $9.0150 per share; 600 shares @ $9.0200 per share; 400 shares @ 9.0250 per share; 700 shares @ $9.0300; 1,700 shares @ $9.0350 per share; 500 shares @ $9.0400 per share; 400 shares @ $9.0425 per share; 600 shares @ $9.0450 per share; 1,200 shares @ $9.0500 per share; 200 shares @ $9.0525 per share; 100 shares @ $9.0550 per share; 300 shares @ $9.0600 per share; and 100 shares @ $9.0625 per share. ( 6 )Held by the Belo Savings Plan as of February 8, 2013.

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).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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