SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CARLSTON DOUGLAS G

(Last) (First) (Middle)
A. H. BELO CORPORATION
P.O. BOX 224866

(Street)
DALLAS TX 75222-4866

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
A. H. Belo CORP [ AHC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/17/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 05/17/2010 M 25,926 A $1.26 25,926 D
Series B Common Stock(1) 05/17/2010 C 25,926 D $0(2) 0 D
Series A Common Stock(1) 05/17/2010 C 25,926 A $0(2) 25,926 D
Series A Common Stock 05/17/2010 S 25,926 D $8.0141(3) 0 D
Series B Common Stock 05/18/2010 M 495 A $6.6 495 D
Series B Common Stock(1) 05/18/2010 C 495 D $0(2) 0 D
Series A Common Stock(1) 05/18/2010 C 495 A $0(2) 495 D
Series A Common Stock 05/18/2010 S 495 D $8.0509(4) 0 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Director Stock Option (Right to Buy) $1.26 05/17/2010 M 25,926 05/14/2010(5) 05/14/2019 Series B Common Stock 25,926 $0 0 D
Director Stock Option (Right to Buy) $6.6 05/18/2010 M 495 05/08/2008(5) 05/08/2017 Series B Common Stock 495 $0 15,405 D
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 consideraton; converted on a share-for-share basis.
3. Represents the average sale price per share. Shares sold in the open market as follows: 14,947 shares @ $8.00 per share; 2,000 shares @ $8.003 per share; 3,895 shares @ $8.01 per share; 95 shares @ $8.02 per share; 95 shares @ $8.0232 per share; 95 shares @ $8.03 per share; 380 shares @ $8.04 per share; 2,616 shares @ $8.05 per share; 169 shares @ $8.06 per share; 258 shares @ $8.07 per share; 258 shares @ $8.08 per share; 258 shares @ $8.09 per share; 172 shares @ $8.10 per share; 602 shares @ $8.11 per share; and, 86 shares @ $8.13 per share.
4. Represents the average sale price per share. Shares sold in the open market as follows: 135 shares @ $8.00 per share and 360 shares @ $8.07 per share.
5. All options are currently exercisable.
Kay F. Stockler, Attorney-in-Fact 05/18/2010
** Signature of Reporting Person Date
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.