CALERES INC — Director's Dealing 2012

May 17, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2012-05-07

Reporting Person: Mazurk John R (Div Pres, Healthy Living Brand)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	91152	Direct
Common Stock	6324	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$17.3378	2014-03-04	Common Stock (16874)		Direct
Employee Stock Option (Right to Buy)	$12.1045	2014-11-01	Common Stock (5624)		Direct
Employee Stock Option (Right to Buy)	$14.9133	2015-03-03	Common Stock (11251)		Direct
Employee Stock Option (Right to Buy)	$21.2022	2016-03-02	Common Stock (6750)		Direct
Employee Stock Option (Right to Buy)	$35.25	2017-03-08	Common Stock (1500)		Direct

Footnotes

F1: The option vested in four equal installments on March 4, 2005, 2006, 2007, 2008.

F2: The option vested in four equal installments on November 1, 2005, 2006, 2007, 2008.

F3: The option vested in four equal installments on March 3, 2006, 2007, 2008, 2009.

F4: The option vested in four equal installments on March 2, 2007, 2008, 2009, 2010.

F5: The option vested in four equal installments on March 8, 2008, 2009, 2010, 2011.