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DILLARD'S, INC. Director's Dealing 2006

Dec 4, 2006

30624_dirs_2006-12-04_6b5b689b-978e-4216-bbef-7451e213ea49.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2006-12-01

Reporting Person: SANDERFORD ROBIN (VP, President Tampa Div)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-01	Common Class A	M	8120	$24.86	Acquired	36974	Direct
2006-12-01	Common Class A	F	6346	$35.355	Disposed	30628	Direct
2006-12-01	Common Class A	M	15000	$24.01	Acquired	45628	Direct
2006-12-01	Common Class A	F	11459	$35.355	Disposed	34169	Direct
2006-12-01	Common Class A	M	116	$10.4375	Acquired	34285	Direct
2006-12-01	Common Class A	F	55	$35.355	Disposed	34230	Direct
2006-12-01	Common Class A	M	3177	$27.19	Acquired	37407	Direct
2006-12-01	Common Class A	F	2637	$35.355	Disposed	34770	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-01	Employee Stock Option	$24.86	M	8120	Disposed	2007-12-15	Common Class A (8120)	Direct
2006-12-01	Employee Stk Option	$24.01	M	15000	Disposed	2009-05-14	Common Class A (15000)	Direct
2006-12-01	Employee Stk Option	$10.4375	M	116	Disposed	2007-12-15	Common Class A (116)	Direct
2006-12-01	Employee Stock Option	$27.19	M	3177	Disposed	2007-12-15	Common Class A (3177)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A - Retirement Plan	4292	Direct