Designer Brands Inc. — Director's Dealing 2012

Dec 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2012-12-18

Reporting Person: MARKFIELD ROGER S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-19	Class A Common Shares	M	28296.0000	$0.0000	Acquired	31273.0000	Direct
2012-12-19	Class A Common Shares	F	7088.0000	$65.2600	Disposed	24185.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-18	Stock Unit	$	A	135.0000	Acquired		Class A Common Shares (135.0000)	Direct
2012-12-19	Stock Unit	$	M	28296.0000	Disposed		Class A Common Shares (28296.0000)	Direct

Footnotes

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

F2: The stock units are fully vested and will be converted to an equal number of shares of the Issuer's Class A common stock upon insider's termination of service from the Board of Directors.

F3: Total includes stock units acquired pursuant to a special dividend and accrued dividend equivalent rights.