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: 2006-05-26

Reporting Person: Koch Douglas (SVP & Chief Talent Officer)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-26	Common Stock	M	3750	$12.0633	Acquired	33612	Direct
2006-05-26	Common Stock	F	1198	$37.735	Disposed	32414	Direct
2006-05-26	Common Stock	M	938	$17.05	Acquired	33352	Direct
2006-05-26	Common Stock	F	423	$37.735	Disposed	32929	Direct
2006-05-26	Common Stock	M	5625	$26.0067	Acquired	38554	Direct
2006-05-26	Common Stock	F	4305	$37.735	Disposed	34249	Direct
2006-05-26	Common Stock	M	2063	$22.37	Acquired	36312	Direct
2006-05-26	Common Stock	F	1502	$37.735	Disposed	34810	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-26	Employee Stock Option (Right to Buy)	$12.0633	M	3750	Disposed	2012-03-06	Common Stock (3750)	Direct
2006-05-26	Employee Stock Option (Right to Buy)	$17.05	M	938	Disposed	2013-03-06	Common Stock (938)	Direct
2006-05-26	Employee Stock Option (Right to Buy)	$26.0067	M	5625	Disposed	2014-03-04	Common Stock (5625)	Direct
2006-05-26	Employee Stock Option (Right to Buy)	$22.37	M	2063	Disposed	2015-03-03	Common Stock (2063)	Direct

F1: Includes 1,083 shares held indirectly by the 401(k) Plan.

F2: The option vested in four equal installments on March 6, 2003, 2004, 2005 and 2006.

F3: The option vests in four equal installments on March 6, 2004, 2005, 2006 and 2007.

F4: The option vests in four equal installments on March 4, 2005, 2006, 2007 and 2008.

F5: The option vests in four equal installments on March 3, 2006, 2007, 2008 and 2009.