CALERES INC - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2006-11-30

Reporting Person: RICH GARY M (President,Brown Shoe Wholesale)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-30	Common Stock	M	1049	$11	Acquired	73596	Direct
2006-11-30	Common Stock	F	244	$47.155	Disposed	73352	Direct
2006-11-30	Common Stock	M	870	$9.4583	Acquired	74222	Direct
2006-11-30	Common Stock	F	174	$47.155	Disposed	74048	Direct
2006-11-30	Common Stock	S	4000	$47.4	Disposed	70048	Direct
2006-11-30	Common Stock	S	1000	$47.36	Disposed	69048	Direct
2006-11-30	Common Stock	S	1800	$47.37	Disposed	67248	Direct
2006-11-30	Common Stock	S	3200	$47.42	Disposed	64048	Direct
2006-11-30	Common Stock	S	318	$47.29	Disposed	63370	Direct
2006-11-30	Common Stock	S	4300	$47.19	Disposed	59430	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-30	Employee Stock Option (Right to Buy)	$11	M	1049	Disposed	2007-03-06	Common Stock (1049)	Direct
2006-11-30	Employee Stock Option (Right to Buy)	$9.4583	M	870	Disposed	2008-01-07	Common Stock (870)	Direct

F1: Includes 7,601 shares held indirectly by 401(k) Plan.

F2: The options vested in four equal installments on March 6, 1998, 1999, 2000 and 2001.

F3: The options vested in four equal installments on January 7, 1999, 2000, 2001 and 2002.