CALERES INC — Director's Dealing 2011

Feb 4, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2011-01-26

Reporting Person: Schmidt John W (Div Pres, Whls Better & Image)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22500	Direct
Common Stock	1243	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$16.19	2018-05-28	Common Stock (15000)		Direct
Employee Stock Option (Right to Buy)	$3.33	2019-03-04	Common Stock (5600)		Direct
Employee Stock Option (Right to Buy)	$10.52	2019-12-10	Common Stock (5000)		Direct

Footnotes

F1: This option became exercisable in four equal annual installments beginning 5/28/2008

F2: This option became exercisable in four equal annual installments beginning 3/4/2009

F3: This option became exercisable in four equal annual installments beginning 12/10/2009