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: 2012-05-27

Reporting Person: TANENBAUM ALLAN J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-27	Class A Common Shares	M	370.0000	$0.0000	Acquired	1799.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-27	Stock Unit	$	M	370.0000	Disposed		Class A Common Shares (370.0000)	Direct
2012-06-14	Stock Unit	$	A	1908.0000	Acquired		Class A Common Shares (1908.0000)	Direct

Footnotes

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

F2: Stock Unit vests on May 27, 2012.

F3: 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 in 30 days.