Designer Brands Inc. — Director's Dealing 2013

Jan 2, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2012-12-28

Reporting Person: Friedlander Carolee (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-28	Stock Unit	$	A	114.0000	Acquired		Class A Common Shares (114.0000)	Direct

Footnotes

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

F2: Shares represent dividend equivalent rights accrued on previously awarded stock units.

F3: 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.

F4: Total includes stock units acquired pursuant to a special dividend and accrued dividend equivalent rights.