Designer Brands Inc. — Director's Dealing 2016

Aug 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2016-07-29

Reporting Person: Friedlander Carolee (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-29	Stock Unit	$	A	1185.0000	Acquired		Class A Common Shares (1185.0000)	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 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.

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