Sec Form 4 Filing - MORRIS KATHERINE BELK @ BELK INC - 2015-06-24

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
MORRIS KATHERINE BELK
2. Issuer Name and Ticker or Trading Symbol
BELK INC [ NONE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O BELK, INC., 2801 WEST TYVOLA ROAD
3. Date of Earliest Transaction (MM/DD/YY)
06/24/2015
(Street)
CHARLOTTE, NC28217-4500
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
Class A Common Stock 06/24/2015 S 182,595 ( 1 ) ( 2 ) ( 3 ) D $ 0 638,038 ( 4 ) D
Class A Common Stock 319,130 ( 5 ) I Trustee GRAT dtd 9/8/04
Class A Common Stock 9,345 ( 6 ) I Trustee GRAT #2 dtd 5/27/08
Class A Common Stock 24,281 ( 7 ) I Trustee GRAT #3 dtd 8/30/10
Class A Common Stock 26,581 ( 8 ) I Trustee GRAT #4 dtd 8/30/10
Class A Common Stock 28,294 ( 9 ) I Trustee GRAT #5 dtd 8/30/10
Class A Common Stock 125,144 ( 10 ) I Trustee GRAT #1 dtd 11/30/11
Class A Common Stock 20,614 ( 11 ) I Irrevocable Trust dtd 8/10/04
Class A Common Stock 36,712 ( 12 ) I Spouse
Class A Common Stock 196,146 ( 13 ) I Trustee
Class A Common Stock 196,146 ( 14 ) I Trustee
Class A Common Stock 196,146 ( 15 ) I Trustee
Class A Common Stock 484,684 ( 16 ) I Trustee
Class A Common Stock 06/24/2015 P 182,595 ( 17 ) ( 18 ) ( 19 ) A $ 0 256,095 ( 20 ) I Trusts, spouse and child are trustees
Class A Common Stock 444,212 ( 21 ) I Milburn Investment Company
Class A Common Stock 1,221,842 ( 22 ) I Brothers Investment Company
Class A Common Stock 228,016 ( 23 ) I Trustee
Class A Common Stock 228,016 ( 24 ) I Trustee
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
MORRIS KATHERINE BELK
C/O BELK, INC.
2801 WEST TYVOLA ROAD
CHARLOTTE, NC28217-4500
X
Signatures
Katherine Belk Morris by Holly C. Williamson, POA 06/26/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )60,865 shares of Class A common stock were sold to Katherine Belk Morris Family Wealth Preservation Trust dated December 21, 2012, f/b/o Katherine Morris Stanley.
( 2 )60,865 shares of Class A common stock were sold to Katherine Belk Morris Family Wealth Preservation Trust dated December 21, 2012, f/b/o Charles Walker Morris, Jr.
( 3 )60,865 shares of Class A common stock were sold to Katherine Belk Morris Family Wealth Preservation Trust dated December 21, 2012, f/b/o Rebecca Price Morris.
( 4 )638,038 shares of Class A common stock are held in Reporting Person's name and/or Katherine Whitner McKay Belk Morris, Trustee U/A dated December 28, 1993, Reporting Person's grantor trust.
( 5 )319,130 shares of Class A common stock are held by Katherine B. Morris Grantor Retained Annuity Trust dated September 8, 2004. Reporting Person is the Trustee.
( 6 )9,345 shares of Class A common stock are held by Katherine Belk Morris 2008 Grantor Retained Annuity Trust Number Two dated May 27, 2008. Reporting Person is the Trustee.
( 7 )24,281 shares of Class A common stock are held Katherine Belk Morris 2010 Grantor Retained Annuity Trust Number Three dated August 30, 2010. Reporting Person is the Trustee.
( 8 )26,581 shares of Class A common stock are held Katherine Belk Morris 2010 Grantor Retained Annuity Trust Number Four dated August 30, 2010. Reporting Person is the Trustee.
( 9 )28,294 shares of Class A common stock are held Katherine Belk Morris 2010 Grantor Retained Annuity Trust Number Five dated August 30, 2010. Reporting Person is the Trustee.
( 10 )125,144 shares of Class A common stock are held by Katherine Belk Morris 2011 Grantor Retained Annuity Trust Number One dated Nov. 30, 2011. Reporting Person is the Trustee.
( 11 )20,614 shares of Class A common stock are held by Katherine W. M. B. Morris Irrevocable Trust dated 8/10/2004. Voting and investment power is held by Charles Walker Morris, spouse, and Lewis S. Morris, III, Co-Trustees.
( 12 )36,712 shares of Class A common stock are held by Reporting Person's spouse, Charles Walker Morris and/or Charles Walker Morris Revocable Trust dated September 8, 2004, his grantor trust.
( 13 )196,146 shares of Class A common stock are held by Miss Katherine Belk Morris Irrevocable Trust dated January 10, 2003. Voting and investment power is vested in Katherine Belk Morris and Charles Walker Morris, the Trustees.
( 14 )196,146 shares are Class A common stock are held by Charles Walker Morris, Jr. Irrevocable Trust dated May 25, 2005. Voting and investment power is vested in Katherine Belk Morris and Charles Walker Morris, the Trustees.
( 15 )196,146 shares of Class A common stock are held by Rebecca Price Morris Irrevocable Trust dated January 6, 2009. Voting and investment power is vested in Katherine Belk Morris and Charles Walker Morris, the Trustees.
( 16 )484,684 shares of Class A common stock are held by Katherine McKay Belk Irrevocable Trust dated November 6, 2000. Voting and investment power is shared by Katherine McKay Belk, Thomas M. Belk, Jr., H.W. McKay Belk, John R. Belk and Katherine Belk Morris, the Trustees.
( 17 )60,865 shares of Class A common stock were purchased by Katherine Belk Morris Family Wealth Preservation Trust dated December 21, 2012, f/b/o Katherine Morris Stanley.
( 18 )60,865 shares of Class A common stock were purchased by Katherine Belk Morris Family Wealth Preservation Trust dated December 21, 2012, f/b/o Charles Walker Morris, Jr.
( 19 )60,865 shares of Class A common stock were purchased by Katherine Belk Morris Family Wealth Preservation Trust dated December 21, 2012, f/b/o Rebecca Price Morris.
( 20 )85,365 shares of Class A common stock are held by each of the following trusts: Katherine Belk Morris Family Wealth Preservation Trust dated December 21, 2012, f/b/o Katherine Morris Stanley; Katherine Belk Morris Family Wealth Preservation Trust dated December 21, 2012, f/b/o Charles Walker Morris, Jr.; and Katherine Belk Morris Family Wealth Preservation Trust dated December 21, 2012, f/b/o Rebecca Price Morris. Charles Walker Morris, Reporting Person's husband, and the child that is beneficiary of the trust are trustees of each trust.
( 21 )444,212 shares of Class A common stock are held by Milburn Investment Company. Voting and investment power is shared by Katherine McKay Belk, Thomas M. Belk, Jr., H.W. McKay Belk, John R. Belk and Katherine Belk Morris.
( 22 )1,221,842 shares of Class A common stock are held by Brothers Investment Company, which corporation is equally owned by John M. Belk QTIP GST Non-Exempt Marital Trust, Wells Fargo Bank, N.A., Susan N. Jamison and Katherine B. Morris, Co-Trustees ("John M. Belk QTIP GST Non-Exempt Marital Trust") and the heirs of Thomas M. Belk. The co-trustees of John M. Belk QTIP GST Non-Exempt Marital Trust and Katherine McKay Belk, Thomas M. Belk, Jr., H.W. McKay Belk, John R. Belk and Katherine Belk Morris, heirs of Thomas M. Belk, share voting and investment power.
( 23 )228,016 Class A shares held in a trust established by the Will of W.H. Belk for the benefit of Thomas M. Belk. Sarah Belk Gambrell, Katherine Belk Morris, Thomas M. Belk, Jr., H.W. McKay Belk and John R. Belk, the trustees, share voting and investment power.
( 24 )228,016 Class A shares held in a trust established by the Will of W.H. Belk for the benefit of John M. Belk. Sarah Belk Gambrell, Mary Claudia Belk Pilon, Jeffrey N. Pilon, Katherine Belk Morris and Susan N. Jamison, the trustees, share voting and investment power.

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.