Designer Brands Inc. — Director's Dealing 2017

Jul 11, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2017-07-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-07	Class A Common Shares	J	3406598.0000	$0.0000	Disposed	0.0000	Indirect
2017-07-07	Class A Common Shares	J	56564.0000	$0.0000	Disposed	236528.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-07-07	Class B Common Shares	$	J	3406598.0000	Acquired		Class A Common Shares (3406598.0000)	Indirect
2017-07-07	Class B Common Shares	$	J	56564.0000	Acquired		Class A Common Shares (56564.0000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Shares	190151.0000	Direct
Class A Common Shares	146668.0000	Indirect
Class A Common Shares	1000000.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Shares	$		Class A Common Shares (71905.0000)	71905.0000	Direct

Footnotes

F1: The Reporting Person exchanged these Class A common shares of the Issuer in a private transaction pursuant to a Share Exchange Agreement dated July 7, 2017 in exchange for a like number of Class B common shares of the Issuer. No monetary proceeds were received as a result of the exchange.

F2: Class B common shares convert to Class A common shares on a one-for-one basis.

F3: The Class B common shares of the Issuer were acquired in exchange for a like number of Class A common shares of the Issuer in the private transaction referenced in footnote (1) above.

F4: The Class B common shares are convertible at any time, at the holder's election, and have no expiration date.