X0202 4 2007-01-15 0 0001051771 BELK INC NONE 0001247897 BELK KATHERINE MCKAY C/O BELK, INC. 2801 WEST TYVOLA ROAD CHARLOTTE NC 28217-4500 0 0 1 0 Class A Common Stock 2252252 D Class A Common Stock 411633 I Trustee, Charitable Remainder Unitrust Class A Common Stock 78038 I Trustee, GRAT #1 Class A Common Stock 62441 I Trustee, GRAT #2 Class A Common Stock 1221842 I Brothers Investment Company Class A Common Stock 444212 I Milburn Investment Company Class A Common Stock 1080864 I Custodian Class B Common Stock 2007-01-15 4 G 0 32752 0.00 A 123818 I Custodian Class A Common Stock 100 I Spouse (deceased) Class A Common Stock 317844 I Trustee, GRAT #3 Class A Common Stock 231055 I Trustee, GRAT #4 2,252,252 shares of Class A common stock are held by Katherine McKay Belk and/or Katherine McKay Belk Trust dated November 6, 2000, Reporting Person's grantor trust. Voting and investment power is vested in Katherine McKay Belk, Thomas M. Belk, Jr., H.W. McKay Belk, John R. Belk and Katherine Belk Morris. 411,633 shares of Class A common stock are held by Katherine McKay Belk Cook Charitable Remainder Unitrust. Reporting Person is the Trustee. 78,038 shares of Class A common stock are held by Katherine McKay Belk Cook Grantor Retained Annuity Trust Number One dated November 14, 2002. Reporting Person is the Trustee. 62,441 shares of Class A common stock are held by Katherine McKay Belk Cook Grantor Retained Annuity Trust Number Two dated November 14, 2002. Reporting Person is the Trustee. 1,221,842 shares of Class A common stock are held by Brothers Investment Company, which corporation is equally owned by John M. Belk and the heirs of Thomas M. Belk. Voting and investment power is shared by John M. Belk, Katherine McKay Belk, Thomas M. Belk, Jr., H.W. McKay Belk, John R. Belk and Katherine Belk Morris. 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. 1,080,864 shares of Class A common stock are held by Reporting Person as custodian of her minor grandchildren. 32,752 shares of Class B common stock were received by Reporting Person as custodian of her minor grandchildren. 123,818 shares of Class B common stock are held by Reporting Person as custodian of her minor grandchildren. 100 shares of Class A common stock are held in the name of Reporting Person's husband (deceased), James Fielder Cook. 317,844 shares of Class A common stock are held by Katherine McKay Belk Cook Grantor Retained Annuity Trust Number Three dated October 4, 2004. Reporting Person is the Trustee. 231,055 shares of Class A common stock are held by Katherine McKay Belk Cook Grantor Retained Annuity Trust Number Four dated October 4, 2004. Reporting Person is the Trustee. Katherine McKay Belk by Betty F. Buchanan, P.A. 2007-01-17