Designer Brands Inc. — Director's Dealing 2015

Jul 2, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2015-06-30

Reporting Person: LAU JOANNA T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-30	Class A Common Shares	A	21.0000	$0.0000	Acquired	7756.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-30	Stock Unit	$	A	237.0000	Acquired		Class A Common Shares (237.0000)	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.