CALERES INC — Director's Dealing 2014

Jan 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2014-01-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-10	Common Stock	M	11249	$17.3378	Acquired	105673	Direct
2014-01-10	Common Stock	G	1900	$26.43	Disposed	103773	Direct
2014-01-10	Common Stock	F	7378	$26.43	Disposed	96395	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-10	Employee Stock Option (Right to Buy)	$17.3378	M	11249	Disposed	2014-03-04	Common Stock (11249)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8248	Indirect

Footnotes

F1: The option becomes exercisable in 4 equal annual installments beginning 3/4/05.