SEC Form 4 · accession 0001209191-15-034298
BELK INC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Belk
Officer — President & COO · Director · 10% Owner
Period of report
Apr 13, 2015
Accepted (ET)
Apr 15, 2015 · 4:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001051771
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2,F3,F4 | Apr 13, 2015 | J | 23,431 | $0.00 | A | 363,046 | D | |
| Class A Common StockF1,F5 | Apr 13, 2015 | J | 6,561 | $0.00 | D | 154,543 | I | Trustee GRAT #1 |
| Class A Common StockF2,F6 | Apr 13, 2015 | J | 6,902 | $0.00 | D | 211,389 | I | Trustee GRAT #2 |
| Class A Common StockF3,F7 | Apr 13, 2015 | J | 9,968 | $0.00 | D | 146,809 | I | Trustee GRAT #3 |
| Class A Common StockF12,F13 | Apr 13, 2015 | J | 228,016 | $0.00 | A | 228,016 | I | Trustee |
| Class A Common StockF8 | holding | — | — | — | 195,982 | I | Spouse | |
| Class A Common StockF9 | holding | — | — | — | 484,684 | I | Trustee | |
| Class A Common StockF10 | holding | — | — | — | 1,221,842 | I | Brothers Investment Company | |
| Class A Common StockF11 | holding | — | — | — | 444,212 | I | Milburn Investment Company | |
| Class A Common StockF14 | holding | — | — | — | 190,139 | I | Trustee | |
| Class A Common StockF15 | holding | — | — | — | 190,140 | I | Trustee | |
| Class A Common StockF16 | holding | — | — | — | 190,140 | I | Trustee | |
| Class A Common StockF17 | holding | — | — | — | 183,825 | I | Trusts, spouse and child are trustees | |
| Class B Common StockF18 | holding | — | — | — | 21,810 | D | ||
| Class B Common StockF19 | holding | — | — | — | 9,542 | I | Trustee | |
| Class B Common StockF20 | holding | — | — | — | 9,541 | I | Trustee | |
| Class B Common StockF21 | holding | — | — | — | 9,541 | I | Trustee |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F16,561 shares of Class A common stock were distributed by John R. Belk Grantor Retained Annuity Trust dated January 23, 2006 to Reporting Person, and Reporting Person transferred the shares to John Robert Belk, Trustee U/A dated 1/17/94, his grantor trust.
- F101,221,842 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.
- F11444,212 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.
- F12228,016 Class A shares held in a trust established by the Will of W.H. Belk for the benefit of Thomas M. Belk. Katherine Belk Morris, Thomas M. Belk, Jr., H.W. McKay Belk and John R. Belk were added as trustees.
- F13228,016 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.
- F14190,139 shares of Class A common stock are held by Anna Dupree Belk Irrevocable Trust dated May 28, 2010. Voting and investment power is shared by Anna Dupree Belk, John R. Belk and Kimberly D. Belk, the trustees.
- F15190,140 shares of Class A common stock are held by John Robert Belk, Jr. Irrevocable Trust dated August 11, 2011. Voting and investment power is shared by John Robert Belk, Jr., John R. Belk and Kimberly D. Belk, the trustees
- F16190,140 shares of Class A common stock are held by Frances Whitner Belk Irrevocable Trust dated August 18, 2014. Voting and investment power is shared by Frances Whitner Belk, John R. Belk and Kimberly D. Belk, the trustees.
- F1761,275 shares of Class A common stock are held by each of the following trusts: John R. Belk & Kimberly D. Belk Family Wealth Preservation Trust dated December 21, 2012, f/b/o Anna Dupree Belk; John R. Belk & Kimberly D. Belk Family Wealth Preservation Trust dated December 21, 2012, f/b/o John Robert Belk, Jr.; and John R. Belk & Kimberly D. Belk Family Wealth Preservation Trust dated December 21, 2012, f/b/o Frances Whitner Belk. Kimberly D. Belk, Reporting Person's wife, and the child that is beneficiary of the trust are trustees of each trust.
- F1810,648 shares of Class B common stock are held in Reporting Person's name and/or John Robert Belk, Trustee U/A dated 1/17/94, Reporting Person's grantor trust. 11,162 of the shares from the Belk, Inc. Executive Long Term Incentive Compensation Plan XV are not payable to the Reporting Person until 2016.
- F199,542 shares of Class B common stock are held by Anna Dupree Belk Irrevocable Trust dated May 28, 2010. Voting and investment power is shared by Anna Dupree Belk, John R. Belk and Kimberly D. Belk, the trustees.
- F26,902 shares of Class A common stock were distributed by John R. Belk Grantor Retained Annuity Trust dated October 12, 2009 to Reporting Person, and Reporting Person transferred the shares to John Robert Belk, Trustee U/A dated 1/17/94, his grantor trust.
- F209,541 shares of Class B common stock are held by John Robert Belk, Jr. Irrevocable Trust dated August 11, 2011. Voting and investment power is shared by John Robert Belk, Jr., John R. Belk and Kimberly D. Belk, the trustees
- F219,541 shares of Class B common stock are held by Frances Whitner Belk Irrevocable Trust dated August 18, 2014. Voting and investment power is shared by Frances Whitner Belk, John R. Belk and Kimberly D. Belk, the trustees.
- F39,968 shares of Class A common stock were distributed by John R. Belk Grantor Retained Annuity Trust dated October 22, 2010 to Reporting Person, and Reporting Person transferred the shares to John Robert Belk, Trustee U/A dated 1/17/94, his grantor trust.
- F4363,046 shares of Class A common stock are held in Reporting Person's name and/or John Robert Belk, Trustee U/A dated 1/17/94, Reporting Person's grantor trust.
- F5154,543 shares of Class A common stock are held by John R. Belk Grantor Retained Annuity Trust dated January 23, 2006. Reporting Person is the Trustee.
- F6211,389 shares of Class A common stock are held by John R. Belk Grantor Retained Annuity Trust dated October 12, 2009. Reporting Person is the Trustee.
- F7146,809 shares of Class A common stock are held by John R. Belk Grantor Retained Annuity Trust dated October 22, 2010. Reporting Person is the Trustee.
- F8195,982 shares of Class A common stock are held by Kimberly D. Belk, Reporting Person's spouse, or by her grantor trust, Kimberly Dupree Belk Revocable Trust dated July 27, 2007.
- F9484,684 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.