Designer Brands Inc. — Director's Dealing 2016

Jul 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2016-06-30

Reporting Person: EISENMAN ELAINE J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-30	Class A Common Shares	A	63.0000	$0.0000	Acquired	6762.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-30	Stock Unit	$	A	516.0000	Acquired		Class A Common Shares (516.0000)	Direct

Footnotes

F1: Shares represent dividend equivalent rights accrued on previously awarded stock units.

F2: Each stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

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.