Designer Brands Inc. — Director's Dealing 2013

Apr 3, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2013-04-01

Reporting Person: Ferree Deborah L (V Chairman & Chief Mdsing Off.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-04-01	Class A Common Shares	M	16500.0000	$0.0000	Acquired	35557.0000	Direct
2013-04-01	Class A Common Shares	F	7913.0000	$63.8000	Disposed	27644.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-04-01	Dividend Equivalent Rights	$	M	801.0000	Disposed		Class A Common Shares (801.0000)	Direct
2013-04-01	Restricted Stock Unit	$	M	15699.0000	Disposed	2013-04-01	Class A Common Shares (15699.0000)	Direct

Footnotes

F1: The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of DSW Class A common stock.

F2: Each restricted stock unit represents a contingent right to receive one share of DSW common stock.

F3: Restricted stock units vest 25% on the first and second anniversaries of the date of grant and 50% on the fourth anniversary of the date of grant.