Designer Brands Inc. — Director's Dealing 2013

Mar 27, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2013-03-25

Reporting Person: Mustafa Harris (EVP, Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-25	Class A Common Shares	M	3442.0000	$24.6700	Acquired	12622.0000	Direct
2013-03-25	Class A Common Shares	S	3442.0000	$65.1400	Disposed	9180.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-25	Stock Option - Right to Buy	$24.6700	M	3442.0000	Disposed	2020-03-23	Class A Common Shares (3442.0000)	Direct

Footnotes

F1: Price represents a weighted average of the sale price. Shares were sold at prices ranging from $65.08 to $65.60. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares sold at each separate price.

F2: Previously reported stock option has been adjusted to reflect a special stock dividend declared by the Issuer and exempt pursuant to Rule 16a-9.

F3: Option vests 20% per year beginning on the first anniversary of the date of grant.