CALERES INC — Director's Dealing 2006

Mar 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2006-03-02

Reporting Person: SULLIVAN DIANE M (PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-02	COMMON STOCK	A	12500	$47.705	Acquired	34463	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-02	Employee Stock Option (right to buy)	$47.705	A	10000	Acquired	2016-03-02	Common Stock (10000)	Direct

Footnotes

F1: Restricted shares vest 100% after four years.

F2: Includes 451 shares held indirectly by the 401(k) Plan.

F3: The options become exercisable in four equal installements beginning 3/2/2007.