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CALERES INC Director's Dealing 2014

Feb 3, 2014

32936_dirs_2014-02-03_42a84fb4-94f0-49d8-9042-c3f9df6a9ed3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2014-02-01

Reporting Person: Gupta Mahendra R (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-01	Phantom Stock Units	$	A	797	Acquired		Common Stock (797)	Direct

Footnotes

F1: Each unit of phantom stock represents the right to receive cash equivalent to the fair market value of a share of common stock of the Company.

F2: The phantom stock units will be settled in cash in annual installments over a five-year or ten-year period, or in a lump sum in accordance with the Director's prior election, when the Director's service as a director terminates.