Designer Brands Inc. — Director's Dealing 2018

Dec 18, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DSW Inc. (DSW)
CIK: 0001319947
Period of Report: 2018-12-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-15	Class A Common Shares	M	9674.0000	$0.0000	Acquired	233238.0000	Direct
2018-12-15	Class A Common Shares	F	2880.0000	$23.3200	Disposed	230358.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-15	Dividend Equivalent Rights	$	M	1385.0000	Disposed		Class A Common Shares (1385.0000)	Direct
2018-12-15	Restricted Stock Unit	$	M	8289.0000	Disposed	2018-12-15	Class A Common Shares (8289.0000)	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: The dividend equivalent rights accrued on previously awarded restricted stock units (RSUs) and become exercisable proportionately with the RSUs to which they relate. Each dividend equivalent right is the economic equivalent of one share of DSW Class A common stock.

F2: Each restricted stock unit represents a contingent right to receive one share of DSW common stock.

F3: 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.