CALERES INC — Director's Dealing 2006

Oct 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2006-10-02

Reporting Person: FROMM RONALD A (Director, Chairman of the Board & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-02	Common Stock	M	10000	$11.2292	Acquired	264866	Direct
2006-10-02	Common Stock	S	200	$35.91	Disposed	264666	Direct
2006-10-02	Common Stock	S	300	$35.9	Disposed	264366	Direct
2006-10-02	Common Stock	S	2500	$35.8	Disposed	261866	Direct
2006-10-02	Common Stock	S	800	$35.79	Disposed	261066	Direct
2006-10-02	Common Stock	S	900	$35.78	Disposed	260166	Direct
2006-10-02	Common Stock	S	200	$35.77	Disposed	259966	Direct
2006-10-02	Common Stock	S	1000	$35.76	Disposed	258966	Direct
2006-10-02	Common Stock	S	4100	$35.75	Disposed	254866	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-02	Employee Stock Option (Right to Buy)	$11.2292	M	10000	Disposed	2009-01-11	Common Stock (10000)	Direct

Footnotes

F1: Includes 5,191 shares held indirectly by 401(k) Plan.

F2: The option vested in four equal installments on January 11, 2000, 2001, 2002 and 2003.