BELK INC 4
4 · BELK INC · Filed Mar 27, 2014
Insider Transaction Report
Form 4
BELK INCNONE
PITTS RALPH A
EVP & General Counsel
Transactions
- Award
Class B Common Stock
2014-03-25+23,984→ 57,004 total - Tax Payment
Class B Common Stock
2014-03-25$48.10/sh−7,190$345,839→ 49,814 total
Footnotes (4)
- [F1]23,984 shares of Belk, Inc. Class B common stock were received by Reporting Person. 7,597 of those shares were received as the balance of the Belk, Inc. Executive Long Term Incentive Compensation Plan XIII. 5,142 of those shares were received for the Belk, Inc. Executive Long Term Incentive Compensation Plan XIV. 2,571 of the shares from the Belk, Inc. Executive Long Term Incentive Compensation Plan XIV are not payable to the Reporting Person until 2015. 11,245 of those shares were issued to the Reporting Person in accordance with the terms of the Belk, Inc. 2011-2013 Stretch Incentive Plan, representing the balance of the award.
- [F2]54,433 shares of Class B common stock are held in Reporting Person's name. 2,571 of the shares from the Belk, Inc. Executive Long Term Incentive Compensation Plan XIV are not payable to the Reporting Person until 2015.
- [F3]7,190 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 XIII, the first part of Belk, Inc. Executive Long Term Incentive Compensation Plan XIV and the balance of Belk, Inc. 2011-2013 Stretch Incentive Plan.
- [F4]47,243 shares of Class B common stock are held in Reporting Person's name. 2,571 of the shares from the Belk, Inc. Executive Long Term Incentive Compensation Plan XIV are not payable to the Reporting Person until 2015.