Designer Brands Inc. — Director's Dealing 2017

Dec 19, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2017-12-15

Reporting Person: SCHOTTENSTEIN JAY L (Director, Executive Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-15	Class A Common Shares	M	4638.0000	$0.0000	Acquired	194789.0000	Direct
2017-12-15	Class A Common Shares	F	1678.0000	$20.3600	Disposed	193111.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-15	Restricted Stock Unit	$	M	4638.0000	Disposed	2018-12-15	Class A Common Shares (4638.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Shares	146668.0000	Indirect
Class A Common Shares	1000000.0000	Indirect
Class A Common Shares	236528.0000	Indirect

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of DSW common stock.

F2: Restricted stock units vest 25% on the first and second anniversaries of the date of grant and 50% on the third anniversary of the date of grant.