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: Ginsberg Bruce R (President, BFG)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-02	Common Stock	A	5000	$47.705	Acquired	5000	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	3000	Acquired	2016-03-02	Common Stock (3000)	Direct

Footnotes

F1: Restricted stock vests 100% after four years.

F2: The options become exercisable in four equal installments beginning 3/2/2007.