Designer Brands Inc. — Director's Dealing 2012

Jun 15, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2012-06-14

Reporting Person: ROBBINS JAMES D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-14	Class A Common Shares	M	23096.0000	$0.0000	Acquired	23096.0000	Direct
2012-06-14	Class A Common Shares	F	5781.0000	$57.5500	Disposed	17315.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-14	Stock Unit	$	M	23096.0000	Disposed		Class A Common Shares (23096.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Shares	6000.0000	Indirect
Class A Common Shares	1040.0000	Indirect

Footnotes

F1: Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

F2: The stock unit becomes vested upon the date of grant and will be converted to an equal number of shares of Issuer's Class A common stock upon Insider's termination of service from the Board of Directors.