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: 2006-03-03

Reporting Person: RICH GARY M (President,Brown Shoe Wholesale)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-03	COMMON STOCK	S	125.79	$47.42	Disposed	47454	Direct
2006-03-03	COMMON STOCK	S	47.17	$47.41	Disposed	47407	Direct
2006-03-03	COMMON STOCK	S	31.45	$47.37	Disposed	47375	Direct
2006-03-03	COMMON STOCK	S	141.52	$47.36	Disposed	47234	Direct
2006-03-03	COMMON STOCK	S	172.97	$47.35	Disposed	47061	Direct
2006-03-03	COMMON STOCK	S	157.24	$47.34	Disposed	46903	Direct
2006-03-03	COMMON STOCK	S	47.17	$47.33	Acquired	46856	Direct
2006-03-03	COMMON STOCK	S	72.52	$47.32	Disposed	46784	Direct
2006-03-03	COMMON STOCK	S	15.72	$47.46	Disposed	46768	Direct
2006-03-03	COMMON STOCK	M	8018	$16.875	Acquired	54786	Direct
2006-03-03	COMMON STOCK	F	5039	$47.585	Disposed	49747	Direct
2006-03-03	COMMON STOCK	S	100.45	$47.32	Disposed	49647	Direct
2006-03-03	COMMON STOCK	S	471.72	$47.31	Disposed	49175	Direct
2006-03-03	COMMON STOCK	S	172.97	$47.3	Disposed	49002	Direct
2006-03-03	COMMON STOCK	S	94.35	$47.29	Disposed	48908	Direct
2006-03-03	COMMON STOCK	S	424.55	$47.28	Disposed	48483	Direct
2006-03-03	COMMON STOCK	S	204.41	$47.27	Disposed	48279	Direct
2006-03-03	COMMON STOCK	S	283.03	$47.26	Disposed	47996	Direct
2006-03-03	COMMON STOCK	S	62.9	$47.25	Disposed	47933	Direct
2006-03-03	COMMON STOCK	S	125.79	$47.24	Disposed	47807	Direct
2006-03-03	COMMON STOCK	S	157.24	$47.23	Disposed	47650	Direct
2006-03-03	COMMON STOCK	S	110.07	$47.21	Disposed	47540	Direct
2006-03-03	COMMON STOCK	S	235.86	$47.2	Disposed	47304	Direct
2006-03-03	COMMON STOCK	S	141.52	$47.19	Disposed	47162	Direct
2006-03-03	COMMON STOCK	S	220.14	$47.18	Disposed	46942	Direct
2006-03-03	COMMON STOCK	M	6689	$14.6563	Acquired	53631	Direct
2006-03-03	COMMON STOCK	F	4024	$47.585	Disposed	49607	Direct
2006-03-03	COMMON STOCK	M	7500	$19.9375	Acquired	57107	Direct
2006-03-03	COMMON STOCK	F	4991	$47.585	Disposed	52116	Direct
2006-03-03	COMMON STOCK	M	8100	$10.7188	Acquired	60216	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-03	COMMON STOCK	$16.875	M	8018	Disposed	2008-05-28	COMMON STOCK (8018)	Direct
2006-03-03	COMMON STOCK	$14.6563	M	6689	Disposed	2009-03-04	COMMON STOCK (6689)	Direct
2006-03-03	COMMON STOCK	$19.9375	M	7500	Disposed	2009-05-27	COMMON STOCK (7500)	Direct
2006-03-03	COMMON STOCK	$10.7188	M	8100	Disposed	2010-03-02	COMMON STOCK (8100)	Direct

Footnotes

F1: Includes 4,910 held indirectly by the 401(k) Plan.

F2: The options vested in four equal installments on May 28, 1999, 2000, 2001,2002.

F3: The options vested in four equal installments on March 4, 2000, 2001, 2002, 2003.

F4: The options vested in four equal installments on May 27, 2000, 2001, 2002, 2003.

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