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DILLARD'S, INC. Director's Dealing 2006

Nov 22, 2006

30624_dirs_2006-11-22_20192be5-3290-4fb9-a6be-5aaf6a042f2d.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: 2006-11-20

Reporting Person: SQUIRES BURT (Corporate VP Stores)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-20	Common Class A	M	10000	$24.01	Acquired	41079	Direct
2006-11-20	Common Class A	F	7793	$35.915	Disposed	33286	Direct
2006-11-20	Common Class A	M	10057	$30.47	Acquired	43343	Direct
2006-11-20	Common Class A	F	9042	$35.915	Disposed	34301	Direct
2006-11-20	Common Class A	M	4607	$27.21	Acquired	38908	Direct
2006-11-20	Common Class A	F	3863	$35.915	Disposed	35045	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-20	Employee Stock Option	$24.01	M	10000	Disposed	2009-05-14	Common Class A (10000)	Direct
2006-11-20	Employee Stock Option	$30.47	M	10057	Disposed	2012-06-04	Common Class A (10057)	Direct
2006-11-20	Employee Stock Option	$27.21	M	4607	Disposed	2009-05-14	Common Class A (4607)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A - Retirement Plan	15713	Direct
Common Class A	9300	Direct

Footnotes

F1: 9,300 Shares Common Class A owned by children