CALERES INC — Director's Dealing 2014

Apr 1, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2014-03-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-28	Common Stock	M	5000	$15.20	Acquired	96556	Direct
2014-03-28	Common Stock	M	2000	$3.33	Acquired	98556	Direct
2014-03-28	Common Stock	M	7500	$21.4133	Acquired	106056	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-28	Employee Stock Option (Right to Buy)	$15.20	M	5000	Disposed	2018-03-05	Common Stock (5000)	Direct
2014-03-28	Employee Stock Option (Right to Buy)	$3.33	M	2000	Disposed	2019-03-04	Common Stock (2000)	Direct
2014-03-28	Employee Stock Option (Right to Buy)	$21.4133	M	7500	Disposed	2016-08-22	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4315	Indirect

Footnotes

F1: This option became exercisable in four equal annual installments beginning 3/5/2009

F2: This option became exercisable in ten equal annual installments beginning 3/4/2010

F3: This option became exercisable in four equal annual installments beginning 8/22/2007