CALERES INC — Director's Dealing 2014

Jun 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2014-06-06

Reporting Person: OBERLANDER MICHAEL I (SVP, Gen Counsel & Corp Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-06	Common Stock	M	4000	$14.9133	Acquired	100152	Direct
2014-06-06	Common Stock	F	2118	$28.16	Disposed	98034	Direct
2014-06-10	Common Stock	G	1882	—	Disposed	96152	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-06	Employee Stock Option (Right to Buy)	$14.9133	M	4000	Disposed	2015-03-03	Common Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8454	Indirect

Footnotes

F1: The options become exercisable in 4 equal annual installments beginning 3/3/06.