CALERES INC — Director's Dealing 2014

Mar 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2014-03-19

Reporting Person: FROMM RONALD A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-19	Common Stock	S	30500	$28.1525	Disposed	361787	Direct
2014-03-20	Common Stock	M	45000	$14.9133	Acquired	406787	Direct
2014-03-20	Common Stock	S	14500	$27.8793	Disposed	392287	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-20	Employee Stock Option (Right to Buy)	$14.9133	M	45000	Disposed	2014-04-01	Common Stock (45000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	19773	Indirect

Footnotes

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