CALERES INC — Director's Dealing 2003

Sep 29, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2003-09-25

Reporting Person: ROSEN ANDREW M (SrVP,CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-25	Common Stock	M	10000	$14.4375	Acquired	45964	Direct
2003-09-25	Common Stock	F	4451	$32.435	Disposed	41513	Direct
2003-09-25	Common Stock	G	260	—	Disposed	41253	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-25	Employee Stock Option (right to buy)	$14.4375	M	10000	Disposed	2006-01-11	Common Stock (10000)	Direct

Footnotes

F1: Includes 4,693 shares held indirectly by 401(k) Plan.

F2: The option vested in four annual installments of 2,500 shares each on January 11, 1997, 1998, 1999 and 2000.