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*
MORRIS KATHERINE BELK

(Last) (First) (Middle)
C/O BELK, INC.
2801 WEST TYVOLA ROAD

(Street)
CHARLOTTE NC 28217-4500

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
04/05/2013
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
Class A Common Stock 04/05/2013 J 35,169(1)(2)(3)(4)(5)(6)(7)(8)(9) A $0.00 633,727(10) D
Class A Common Stock 04/05/2013 J 2,695(1) D $0.00 327,036(11) I Trustee GRAT dtd 9/8/04
Class A Common Stock 04/05/2013 J 4,233(2) D $0.00 5,319(12) I Trustee GRAT #1 dtd 5/27/08
Class A Common Stock 04/05/2013 J 2,899(3) D $0.00 15,262(13) I Trustee GRAT #2 dtd 5/27/08
Class A Common Stock 04/05/2013 J 6,492(4) D $0.00 21,123(14) I Trustee GRAT #1 dtd 8/30/10
Class A Common Stock 04/05/2013 J 4,714(5) D $0.00 25,819(15) I Trustee GRAT #2 dtd 8/30/10
Class A Common Stock 04/05/2013 J 2,984(6) D $0.00 30,451(16) I Trustee GRAT #3 dtd 8/30/10
Class A Common Stock 04/05/2013 J 2,488(7) D $0.00 31,777(17) I Trustee GRAT #4 dtd 8/30/10
Class A Common Stock 04/05/2013 J 2,120(8) D $0.00 32,764(18) I Trustee GRAT #5 dtd 8/30/10
Class A Common Stock 04/05/2013 J 6,544(9) D $0.00 141,824(19) I Trustee GRAT #1 dtd 11/30/11
Class A Common Stock 35,891(20) I Spouse
Class A Common Stock 194,433(21) I Trustee
Class A Common Stock 194,433(22) I Trustee
Class A Common Stock 194,433(23) I Trustee
Class A Common Stock 537,517(24) I Trustee
Class A Common Stock 73,500(25) I Trusts, spouse is a trustee
Class A Common Stock 444,212(26) I Milburn Investment Company
Class A Common Stock 1,221,842(27) I Brothers Investment Company
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
Explanation of Responses:
1. 2,695 shares of Class A common stock were distributed by Katherine B. Morris Grantor Retained Annuity Trust dated September 8, 2004 to Reporting Person, and Reporting Person transferred the shares to Katherine Whitner McKay Belk Morris, Trustee U/A dated December 28, 1993, her grantor trust.
2. 4,233 shares of Class A common stock were distributed by Katherine Belk Morris 2008 Grantor Retained Annuity Trust Number One dated May 27, 2008 to Reporting Person, and Reporting Person transferred the shares to Katherine Whitner McKay Belk Morris, Trustee U/A dated December 28, 1993, her grantor trust.
3. 2,899 shares of Class A common stock were distributed by Katherine Belk Morris 2008 Grantor Retained Annuity Trust Number Two dated May 27, 2008 to Reporting Person, and Reporting Person transferred the shares to Katherine Whitner McKay Belk Morris, Trustee U/A dated December 28, 1993, her grantor trust.
4. 6,492 shares of Class A common stock were distributed by Katherine Belk Morris 2010 Grantor Retained Annuity Trust Number One dated August 30, 2010 to Reporting Person, and Reporting Person transferred the shares to Katherine Whitner McKay Belk Morris, Trustee U/A dated December 28, 1993, her grantor trust.
5. 4,714 shares of Class A common stock were distributed by Katherine Belk Morris 2010 Grantor Retained Annuity Trust Number Two dated August 30, 2010 to Reporting Person, and Reporting Person transferred the shares to Katherine Whitner McKay Belk Morris, Trustee U/A dated December 28, 1993, her grantor trust.
6. 2,984 shares of Class A common stock were distributed by Katherine Belk Morris 2010 Grantor Retained Annuity Trust Number Three dated August 30, 2010 to Reporting Person, and Reporting Person transferred the shares to Katherine Whitner McKay Belk Morris, Trustee U/A dated December 28, 1993, her grantor trust.
7. 2,488 shares of Class A common stock were distributed by Katherine Belk Morris 2010 Grantor Retained Annuity Trust Number Four dated August 30, 2010 to Reporting Person, and Reporting Person transferred the shares to Katherine Whitner McKay Belk Morris, Trustee U/A dated December 28, 1993, her grantor trust.
8. 2,120 shares of Class A common stock were distributed by Katherine Belk Morris 2010 Grantor Retained Annuity Trust Number Five dated August 30, 2010 to Reporting Person, and Reporting Person transferred the shares to Katherine Whitner McKay Belk Morris, Trustee U/A dated December 28, 1993, her grantor trust.
9. 6,544 shares of Class A common stock were distributed by Katherine Belk Morris 2011 Grantor Retained Annuity Trust Number One dated Nov. 30, 2011 to Reporting Person, and Reporting Person transferred the shares to Katherine Whitner McKay Belk Morris, Trustee U/A dated December 28, 1993, her grantor trust.
10. 633,727 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.
11. 327,036 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.
12. 5,319 shares of Class A common stock are held by Katherine Belk Morris 2008 Grantor Retained Annuity Trust Number One dated May 27, 2008. Reporting Person is the Trustee.
13. 15,262 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.
14. 21,123 shares of Class A common stock are held Katherine Belk Morris 2010 Grantor Retained Annuity Trust Number One dated August 30, 2010. Reporting Person is the Trustee.
15. 25,819 shares of Class A common stock are held Katherine Belk Morris 2010 Grantor Retained Annuity Trust Number Two dated August 30, 2010. Reporting Person is the Trustee.
16. 30,451 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.
17. 31,777 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.
18. 32,764 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.
19. 141,824 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.
20. 35,891 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.
21. 194,433 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.
22. 194,433 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.
23. 194,433 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.
24. 537,517 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.
25. 24,500 shares of Class A common stock were received and 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, a trustee of each trust, is Reporting Person's husband.
26. 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.
27. 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.
Remarks:
Katherine Belk Morris by Betty F. Buchanan, POA 04/09/2013
** 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.