CALERES INC — Director's Dealing 2010

Jan 29, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2010-01-18

Reporting Person: Freidman Daniel R (Div Pres, Whls Prod & Sorcing)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	34500	Direct
Common Stock	1954	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$21.41	2016-08-22	Common Stock (7500)		Direct
Employee Stock Option (Right to Buy)	$35.25	2017-03-08	Common Stock (1500)		Direct
Employee Stock Option (Right to Buy)	$15.20	2018-03-05	Common Stock (5000)		Direct
Employee Stock Option (Right to Buy)	$3.33	2019-03-04	Common Stock (18000)		Direct

Footnotes

F1: This option became exercisable in four equal annual installments beginning 8/22/2007

F2: This option became exercisable in four equal annual installments beginning 3/8/2008

F3: This option became exercisable in four equal annual installments beginning 3/5/2009

F4: This option became exercisable in ten equal annual installments beginning 3/4/2010