X0202 4 2008-03-06 0 0001051771 BELK INC NONE 0001222730 BELK H W MCKAY C/O BELK, INC. 2801 WEST TYVOLA ROAD CHARLOTTE NC 28217-4500 1 1 1 0 President/Chief Mdsing Officer Class A Common Stock 802834 D Class A Common Stock 257458 I Trustee GRAT #1 Class A Common Stock 2008-03-06 4 G 0 442 0.00 A 33914 I Spouse Class A Common Stock 2008-03-06 4 G 0 1326 0.00 A 121260 I Custodian Class A Common Stock 2008-03-06 4 J 0 8840 0.00 D 759284 I Trustee Class A Common Stock 1221842 I Brothers Investment Company Class A Common Stock 444212 I Milburn Investment Company Class B Common Stock 34217 D Class B Common Stock 3948 I Custodian 802,834 shares of Class A common stock are held in Reporting Person's name and/or H.W. McKay Belk, Trustee U/A dated 2/1/94, Reporting Person's grantor trust. 257,458 shares of Class A common stock are held by H.W. McKay Belk Grantor Retained Annuity Trust dated June 16, 2006. Reporting Person is the Trustee. 442 shares of Class A common stock were received by Reporting Person's spouse, Nina F. Belk, as a gift. 33,914 shares of Class A common stock are held by Reporting Person's spouse, Nina F. Belk. 1,326 shares of Class A common stock were received by Reporting Person as custodian of his minor children. 121,260 shares of Class A common stock are held by Reporting Person as custodian of his minor children. 8,840 shares of Class A common stock were distributed to Katherine McKay Belk, the Grantor, by the Trustees of Katherine M. Belk Irrevocable Trust dated November 6, 2000. 759,284 shares of Class A common stock are held by Katherine McKay Belk Irrevocable Trust dated November 6, 2000. 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. 1,221,842 shares of Class A common stock are held by Brothers Investment Company, which corporation is equally owned by John M. Belk 1999 Grantor Trust and the heirs of Thomas M. Belk. Voting and investment power is shared by Susan N. Jamison, Katherine Belk Morris and Wachovia Bank National Association, Co-Trustees of the John M. Belk 1999 Grantor 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. 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. 34,217 shares of Class B common stock are held in Reporting Person's name and/or H.W. McKay Belk, Trustee U/A dated 2/1/94, Reporting Person's grantor trust. 3,948 shares of Class B common stock are held by Reporting Person as custodian of his minor children. H.W. McKay Belk by Betty F. Buchanan, POA 2008-03-07