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DILLARD'S, INC. Director's Dealing 2006

May 25, 2006

30624_dirs_2006-05-25_4aa0f994-2f72-43cc-86dd-3d9413c16b28.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: 2006-05-24

Reporting Person: LEMOINE GASTON (Corporate VP Stores - Retired)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-05-24 Common Class A M 35000 $10.4375 Acquired 36067 Direct
2005-05-24 Common Class A S 35000 $26.3289 Disposed 1067 Direct
2006-05-24 Common Class A M 15000 $24.01 Acquired 16047 Direct
2006-05-24 Common Class A S 15000 $26.3289 Disposed 1067 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-05-24 Common Class A $10.4375 M 35000 Disposed 2007-12-15 Common Class A (35000) Direct
2005-05-24 Common Class A $24.01 M 15000 Disposed 2009-05-14 Common Class A (15000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Class A - Retirement Plan 700 Direct