CALERES INC — Director's Dealing 2006

Mar 20, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2006-03-16

Reporting Person: WOOD JOSEPH W (President, Famous Footwear)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-16	Common Stock	M	8764	$15.2	Acquired	26965	Direct
2006-03-16	Common Stock	F	2577	$51.69	Disposed	24388	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-16	Employee Stock Option (right to buy)	$15.2	M	8764	Acquired	2012-02-07	Common Stock (8764)	Direct

Footnotes

F1: Includes 833 shares held indirectly by 401(k) Plan.

F2: The option vested in four equal installments on February 7, 2003, 2004, 2005 and 2006.