CALERES INC — Director's Dealing 2006

Sep 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2006-09-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-01	Common Stock	M	10000	$11.2292	Acquired	264866	Direct
2006-09-01	Common Stock	S	100	$31.4	Disposed	264766	Direct
2006-09-01	Common Stock	S	600	$31.43	Disposed	264166	Direct
2006-09-01	Common Stock	S	100	$31.46	Disposed	264066	Direct
2006-09-01	Common Stock	S	100	$31.47	Disposed	263966	Direct
2006-09-01	Common Stock	S	200	$31.5	Disposed	263766	Direct
2006-09-01	Common Stock	S	300	$31.51	Disposed	263466	Direct
2006-09-01	Common Stock	S	400	$31.52	Disposed	263066	Direct
2006-09-01	Common Stock	S	400	$31.54	Disposed	262666	Direct
2006-09-01	Common Stock	S	100	$31.55	Disposed	262566	Direct
2006-09-01	Common Stock	S	100	$31.56	Disposed	262466	Direct
2006-09-01	Common Stock	S	500	$31.57	Disposed	261966	Direct
2006-09-01	Common Stock	S	300	$31.58	Disposed	261666	Direct
2006-09-01	Common Stock	S	100	$31.59	Disposed	261566	Direct
2006-09-01	Common Stock	S	500	$31.6	Disposed	261066	Direct
2006-09-01	Common Stock	S	100	$31.62	Disposed	260966	Direct
2006-09-01	Common Stock	S	100	$31.63	Disposed	260866	Direct
2006-09-01	Common Stock	S	100	$31.64	Disposed	260766	Direct
2006-09-01	Common Stock	S	400	$31.65	Disposed	260366	Direct
2006-09-01	Common Stock	S	100	$31.66	Disposed	260266	Direct
2006-09-01	Common Stock	S	700	$31.67	Disposed	259566	Direct
2006-09-01	Common Stock	S	500	$31.68	Disposed	259066	Direct
2006-09-01	Common Stock	S	200	$31.69	Disposed	258866	Direct
2006-09-01	Common Stock	S	200	$31.7	Disposed	258666	Direct
2006-09-01	Common Stock	S	300	$31.71	Disposed	258366	Direct
2006-09-01	Common Stock	S	1000	$31.72	Disposed	257366	Direct
2006-09-01	Common Stock	S	700	$31.73	Disposed	256666	Direct
2006-09-01	Common Stock	S	700	$31.74	Disposed	255966	Direct
2006-09-01	Common Stock	S	200	$31.75	Disposed	255766	Direct
2006-09-01	Common Stock	S	200	$31.76	Disposed	255566	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-01	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.