X0202 4 2007-05-23 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 2007-05-23 4 J 0 27419 31.00 D 767094 D Class A Common Stock 399365 I Trustee, Charitable Remainder Unitrust Class A Common Stock 74151 I Trustee, GRAT #1 Class A Common Stock 56738 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 1081773 I Custodian Class B Common Stock 123818 I Custodian Class A Common Stock 100 I Spouse (deceased) Class A Common Stock 285362 I Trustee, GRAT #3 Class A Common Stock 189952 I Trustee, GRAT #4 Class A Common Stock 571764 I Trustee, GRAT #5 Class A Common Stock 616192 I Trustee, GRAT #6 Class A Common Stock 320917 I Trustee, GRAT #7 27,419 shares of Class A common stock were tendered to the Company pursuant to a Tender Offer at $31.00 per share. 767,094 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. 399,365 shares of Class A common stock are held by Katherine McKay Belk Cook Charitable Remainder Unitrust. Reporting Person is the Trustee. 74,151 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. 56,738 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. 1,081,773 shares of Class A common stock are held 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. 285,362 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. 189,952 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. 571,764 shares of Class A Common stock are held by Katherine McKay Belk Grantor Retained Annuity Trust Number Five dated March 6, 2007. Reporting Person is the Trustee. 616,192 shares of Class A common stock are held by Katherine McKay Belk Grantor Retained Annuity Trust Number Six dated March 6, 2007. Reporting Person is the Trustee. 320,917 shares of Class A common stock are held by Katherine McKay Belk Grantor Retained Annuity Trust Number Seven dated March 6, 2007. Reporting Person is the Trustee. Katherine McKay Belk by Betty F. Buchanan, P.A. 2007-05-23