DILLARD'S, INC. — Director's Dealing 2006

Nov 17, 2006

SEC Form 4/A — Form 4/A

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2006-11-15

Reporting Person: DILLARD ALEX (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-15	Common Class A	M	164387	$26.455	Acquired	717179	Direct
2006-11-15	Common Class A	F	139786	$35.975	Disposed	577393	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-15	Employee Stock Option	$26.455	M	164387	Disposed	2006-12-10	Common Class A (164387)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A - Retirement Plan	60974	Direct
Dillard's Capital Trust I 7.5% Capital Securities DDT	20000	Direct
Common Class A	41496	Direct
Common Class B	3985776	Direct
Common Class A	26215	Direct
Common Class A	295014	Direct
Common Class A	36000	Indirect

Footnotes

F1: Co-Trustee and co-beneficiary of WTD Exemption Trust.

F2: Co-Trustee of WTD Exemption Trust.

F3: 41,496 Shares By W.D. Company. Reporting person owns 27.93%. This is W.D. Co.'s entire interest.

F4: 3,985,776 Class B Shares By W.D. Company. Reporting person owns 27.93%. This is W.D. Co.'s entire interest.