CALERES INC - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2007-03-01

Reporting Person: FROMM RONALD A (Director, Chairman of the Board & CEO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-01	Common Stock	M	6096	$11.2292	Acquired	253869	Direct
2007-03-01	Common Stock	M	3904	$7.1458	Acquired	257773	Direct
2007-03-01	Common Stock	S	400	$48	Disposed	257373	Direct
2007-03-01	Common Stock	S	1600	$48.03	Disposed	255773	Direct
2007-03-01	Common Stock	S	2000	$48.1	Disposed	253773	Direct
2007-03-01	Common Stock	S	600	$48.26	Disposed	253173	Direct
2007-03-01	Common Stock	S	600	$48.56	Disposed	252573	Direct
2007-03-01	Common Stock	S	600	$48.66	Disposed	251973	Direct
2007-03-01	Common Stock	S	100	$48.84	Disposed	251873	Direct
2007-03-01	Common Stock	S	100	$48.87	Disposed	251773	Direct
2007-03-01	Common Stock	S	4000	$50	Disposed	247773	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-01	Employee Stock Option (Right to Buy)	$11.2292	M	6096	Disposed	2009-01-11	Common Stock (6096)	Direct
2007-03-01	Employee Stock Option (Right to Buy)	$7.1458	M	3904	Disposed	2010-03-02	Common Stock (3904)	Direct

F1: Includes 7,947 shares held indirectly by 401(k) Plan.

F2: The option vested in four equal installments on January 11, 2000, 2001, 2002 and 2003.

F3: The option vested in four equal installments on March 2, 2001, 2002, 2003 and 2004.