CALERES INC — Director's Dealing 2017

May 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALERES INC (CAL)
CIK: 0000014707
Period of Report: 2017-05-29

Reporting Person: MCGINNIS PATRICIA G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-29	Common Stock	M	4081.06	—	Acquired	9636.06	Direct
2017-05-29	Common Stock	D	4081.06	$26.58	Disposed	5555	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-29	Restricted Stock Units	$	M	4081.06	Disposed		Common Stock (4081.06)	Direct
2017-05-30	Restricted Stock Units	$	A	4492	Acquired		Common Stock (4492)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive the fair market value of a share of common stock of the Company.

F2: Vesting of each restricted stock unit is contingent upon the Director's continued service as a director of the Company through the next meeting of shareholders. The restricted stock units generally will be settled in cash on the earlier of the date the Director's service as a director terminates or the payment date elected by Director.