Designer Brands Inc. — Director's Dealing 2013

May 6, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2013-05-03

Reporting Person: TANENBAUM ALLAN J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-03	Stock Unit	$	A	362.0000	Acquired		Class A Common Shares (362.0000)	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 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.

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