4//SEC Filing
BUFANO KATHRYN 4
Accession 0001209191-13-020846
CIK 0001051771other
Filed
Apr 8, 8:00 PM ET
Accepted
Apr 9, 11:18 AM ET
Size
8.0 KB
Accession
0001209191-13-020846
Insider Transaction Report
Form 4
BELK INCNONE
BUFANO KATHRYN
Pres., Merchandising/Marketing
Transactions
- Award
Class B Common Stock
2013-03-29+37,082→ 45,162 total - Tax Payment
Class B Common Stock
2013-03-29$50.00/sh−11,126$556,300→ 34,036 total
Footnotes (4)
- [F1]37,082 shares of Belk, Inc. Class B common stock were received by Reporting Person. 10,598 of those shares were received as the balance of the Belk, Inc. Executive Long Term Incentive Compensation Plan XII. 15,576 of those shares were received for the Belk, Inc. Executive Long Term Incentive Compensation Plan XIII. 7,788 of the shares from the Belk, Inc. Executive Long Term Incentive Compensation Plan XIII are not payable to the Reporting Person until 2014. 10,908 of those shares were issued to the Reporting Person in accordance with the terms of the Belk, Inc. 2011-2013 Stretch Incentive Plan, representing one-half of the award. The other half of the award will be issued in 2014, and has a cash value of $545,400.00. The award will be settled in shares, with the number of shares determined by dividing the cash value of the award by the appraised value of the shares on the date of issuance.
- [F2]37,374 shares of Class B common stock are held in Reporting Person's name. 7,788 of the shares from the Belk, Inc. Executive Long Term Incentive Compensation Plan XIII are not payable to the Reporting Person until 2014.
- [F3]11,126 shares of Class B common stock were withheld for taxes from the total shares awarded to Reporting Person from the balance of Belk, Inc. Executive Long Term Incentive Compensation Plan XII, the first part of Belk, Inc. Executive Long Term Incentive Compensation Plan XIII and the first part of Belk, Inc. 2011-2013 Stretch Incentive Plan.
- [F4]26,248 shares of Class B common stock are held in Reporting Person's name. 7,788 of the shares from the Belk, Inc. Executive Long Term Incentive Compensation Plan XIII are not payable to the Reporting Person until 2014.
Documents
Issuer
BELK INC
CIK 0001051771
Entity typeother
Related Parties
1- filerCIK 0001200224
Filing Metadata
- Form type
- 4
- Filed
- Apr 8, 8:00 PM ET
- Accepted
- Apr 9, 11:18 AM ET
- Size
- 8.0 KB