CALERES INC — Director's Dealing 2006

Mar 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2006-03-06

Reporting Person: SCHUMACHER RICHARD C (SVP & Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-06	Common Stock	M	5000	$16.875	Acquired	32791	Direct
2006-03-06	Common Stock	M	3000	$16.5	Acquired	35791	Direct
2006-03-06	Common Stock	M	7000	$14.1875	Acquired	42791	Direct
2006-03-06	Common Stock	M	5000	$16.875	Acquired	47791	Direct
2006-03-06	Common Stock	S	700	$48.35	Disposed	47091	Direct
2006-03-06	Common Stock	S	100	$48.34	Disposed	46991	Direct
2006-03-06	Common Stock	S	500	$48.33	Disposed	46491	Direct
2006-03-06	Common Stock	S	1900	$48.32	Disposed	44591	Direct
2006-03-06	Common Stock	S	700	$48.31	Disposed	43891	Direct
2006-03-06	Common Stock	S	100	$48.3	Disposed	43791	Direct
2006-03-06	Common Stock	S	300	$48.29	Disposed	43491	Direct
2006-03-06	Common Stock	S	1300	$48.28	Disposed	42191	Direct
2006-03-06	Common Stock	S	1200	$48.27	Disposed	40991	Direct
2006-03-06	Common Stock	S	300	$48.26	Disposed	40691	Direct
2006-03-06	Common Stock	S	1400	$48.25	Disposed	39291	Direct
2006-03-06	Common Stock	S	200	$48.24	Disposed	39091	Direct
2006-03-06	Common Stock	S	2500	$48.21	Disposed	36591	Direct
2006-03-06	Common Stock	S	400	$48.2	Disposed	36191	Direct
2006-03-06	Common Stock	S	700	$48.18	Disposed	35491	Direct
2006-03-06	Common Stock	S	100	$48.17	Disposed	35391	Direct
2006-03-06	Common Stock	S	100	$48.16	Disposed	35291	Direct
2006-03-06	Common Stock	S	400	$48.14	Disposed	34891	Direct
2006-03-06	Common Stock	S	300	$48.12	Disposed	34591	Direct
2006-03-06	Common Stock	S	100	$48.11	Disposed	34491	Direct
2006-03-06	Common Stock	S	900	$48.1	Disposed	33591	Direct
2006-03-06	Common Stock	S	300	$48.09	Disposed	33291	Direct
2006-03-06	Common Stock	S	100	$48.08	Disposed	33191	Direct
2006-03-06	Common Stock	S	100	$48.07	Disposed	33091	Direct
2006-03-06	Common Stock	S	500	$48.06	Disposed	32591	Direct
2006-03-06	Common Stock	S	1200	$48.05	Disposed	31391	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-06	Employee Stock Option (right to buy)	$16.875	M	5000	Disposed	2006-05-23	Common Stock (5000)	Direct
2006-03-06	Employee Stock Option (right to buy)	$16.5	M	3000	Disposed	2007-03-06	Common Stock (3000)	Direct
2006-03-06	Employee Stock Option (right to buy)	$14.1875	M	7000	Disposed	2008-01-07	Common Stock (7000)	Direct
2006-03-06	Employee Stock Option (right to buy)	$16.875	M	5000	Disposed	2008-05-28	Common Stock (5000)	Direct

Footnotes

F1: Includes 5,390 shares held indirectly by the 401(k) plan.

F2: The options vested in four equal installments on May 23, 1997, 1998, 1999, 2000.

F3: The options vested in four equal installments on March 6, 1998, 1999, 2000, 2001.

F4: The options vested in four equal installments on January 7, 1999, 2000, 2001, 2002.

F5: The options vested in four equal installments on May 28, 1999, 2000, 2001, 2002.