CALERES INC — Director's Dealing 2015

Feb 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BROWN SHOE CO INC (BWS)
CIK: 0000014707
Period of Report: 2015-02-25

Reporting Person: Koch Douglas (SVP, Chief Talent & Strategy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-25	Common Stock	M	9282	$14.9133	Acquired	143771	Direct
2015-02-25	Common Stock	F	5314	$29.69	Disposed	138457	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-25	Employee Stock Option (Right to Buy)	$14.9133	M	9282	Disposed	2015-03-03	Common Stock (9282)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	964	Indirect

Footnotes

F1: Reflects certain transactions since the reporting person's last Form 4 that were exempt under Rule 16a-12

F2: The option becomes exercisable in four equal annual installments beginning on March 3, 2006.