CALERES INC — Director's Dealing 2012

May 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2012-04-28

Reporting Person: Gupta Mahendra R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-28	Common Stock	A	2025	$9.255	Acquired	3989	Direct

Footnotes

F1: Represents shares of restricted stock granted in lieu of quarterly cash payment for services rendered as a member of the Company's Board of Directors.