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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-26	Common Stock	M	11250	$9.4583	Acquired	187711	Direct
2006-05-26	Common Stock	F	6397	$37.735	Disposed	181314	Direct
2006-05-26	Common Stock	M	30001	$11.25	Acquired	211315	Direct
2006-05-26	Common Stock	F	16495	$37.735	Disposed	194820	Direct
2006-05-26	Common Stock	M	113904	$11.2292	Acquired	308724	Direct
2006-05-26	Common Stock	F	65202	$37.735	Disposed	243522	Direct
2006-05-26	Common Stock	M	13994	$7.1458	Acquired	257516	Direct
2006-05-26	Common Stock	F	2650	$37.735	Disposed	254866	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-26	Employee Stock Option (Right to Buy)	$9.4583	M	11250	Disposed	2008-01-07	Common Stock (11250)	Direct
2006-05-26	Employee Stock Option (Right to Buy)	$11.25	M	30001	Disposed	2008-05-28	Common Stock (30001)	Direct
2006-05-26	Employee Stock Option (Right to Buy)	$11.2292	M	113904	Disposed	2009-01-11	Common Stock (113904)	Direct
2006-05-26	Employee Stock Option (Right to Buy)	$7.1458	M	13994	Disposed	2010-03-02	Common Stock (13994)	Direct

F1: Includes 5191 shares held indirectly by 401(k) plan.

F2: The option vested in four equal installments on January 7, 1999, 2000, 2001 and 2002.

F3: The option vested in four equal installments on May 28, 1999, 2000, 2001 and 2002.

F4: The option vested in four equal installments on January 11, 2000, 2001, 2002 and 2003.

F5: The option vested in four equal installments on March 2, 2001, 2002, 2003 and 2004.