Sec Form 4/A Filing - BELK KATHERINE MCKAY @ BELK INC - 2015-06-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4/A
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
BELK KATHERINE MCKAY
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)
06/26/2015
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 G 7,200 ( 1 ) ( 2 ) ( 3 ) ( 4 ) D $ 0 1,179,728 ( 5 ) D
Class A Common Stock 06/24/2015 S 68,800 ( 6 ) ( 7 ) ( 8 ) ( 9 ) D $ 0 1,110,928 ( 10 ) D
Class A Common Stock 307,330 ( 11 ) I Trustee, Charitable Remainder Unitrust
Class A Common Stock 46,801 ( 12 ) I Trustee, 2012 GRAT
Class A Common Stock 109,874 ( 13 ) I Trustee, 2013 GRAT
Class A Common Stock 223,002 ( 14 ) I Trustee, 2014 GRAT
Class A Common Stock 120,800 ( 15 ) I Trustee, 2015 GRAT
Class A Common Stock 277,131 ( 16 ) I Custodian
Class A Common Stock 100 ( 17 ) I Spouse (deceased)
Class A Common Stock 1,221,842 ( 18 ) I Brothers Investment Company
Class A Common Stock 444,212 I Milburn Investment Company
Class B Common Stock 24,725 I Custodian
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
BELK KATHERINE MCKAY
C/O BELK, INC.
2801 WEST TYVOLA ROAD
CHARLOTTE, NC28217-4500
X
Signatures
Katherine McKay Belk by Holly C. Williamson, POA 07/16/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )1,350 shares of Class A common stock were gifted to The Katherine McKay Belk FWP Trust f/b/o Katherine Belk Morris Descendants dated June 3, 2015.
( 2 )2,250 shares of Class A common stock were gifted to The Katherine McKay Belk FWP Trust f/b/o Thomas M. Belk, Jr. Descendants dated June 3, 2015.
( 3 )2,250 shares of Class A common stock were gifted to The Katherine McKay Belk FWP Trust f/b/o H.W. McKay Belk Descendants dated June 3, 2015.
( 4 )1,350 shares of Class A common stock were gifted to The Katherine McKay Belk FWP Trust f/b/o John R. Belk Descendants dated June 3, 2015.
( 5 )1,179,728 shares of Class A common stock are held in Reporting Person's name and/or Katherine McKay Belk Trust dated November 6, 2000, Reporting Person's grantor trust. Voting and investment power of the grantor trust is shared by Katherine McKay Belk, Thomas M. Belk, Jr., H.W. McKay Belk, John R. Belk and Katherine Belk Morris.
( 6 )12,900 shares of Class A common stock were sold to The Katherine McKay Belk FWP Trust f/b/o Katherine Belk Morris Descendants dated June 3, 2015.
( 7 )21,500 shares of Class A common stock were sold to The Katherine McKay Belk FWP Trust f/b/o Thomas M. Belk, Jr. Descendants dated June 3, 2015.
( 8 )21,500 shares of Class A common stock were sold to The Katherine McKay Belk FWP Trust f/b/o H.W. McKay Belk Descendants dated June 3, 2015.
( 9 )12,900 shares of Class A common stock were sold to The Katherine McKay Belk FWP Trust f/b/o John R. Belk Descendants dated June 3, 2015.
( 10 )1,110,928 shares of Class A common stock are held in Reporting Person's name and/or Katherine McKay Belk Trust dated November 6, 2000, Reporting Person's grantor trust. Voting and investment power of the grantor trust is shared by Katherine McKay Belk, Thomas M. Belk, Jr., H.W. McKay Belk, John R. Belk and Katherine Belk Morris.
( 11 )307,330 shares of Class A common stock are held by Katherine McKay Belk Cook Charitable Remainder Unitrust. Reporting Person is the Trustee.
( 12 )46,801 shares of Class A common stock are held by Katherine McKay Belk 2012 Grantor Retained Annuity Trust dated July 24, 2012. Reporting Person is the Trustee.
( 13 )109,874 shares of Class A common stock are held by Katherine McKay Belk 2013 Grantor Retained Annuity Trust dated May 30, 2013. Reporting Person is the Trustee.
( 14 )223,002 shares of Class A common stock are held by Katherine McKay Belk 2014 Grantor Retained Annuity Trust dated April 23, 2014. Reporting Person is the Trustee.
( 15 )120,800 shares of Class A common stock are held by Katherine McKay Belk 2015 Grantor Retained Annuity Trust dated June 3, 2015. Reporting Person is the Trustee.
( 16 )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.
( 17 )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.
( 18 )24,725 shares of Class B common stock are held by Reporting Person as custodian of her minor grandchildren.

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 reportin g 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).

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