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DILLARD'S, INC. Director's Dealing 2006

Jan 27, 2006

30624_dirs_2006-01-27_c9b952e4-47a3-4a6b-93f2-ae971ea10fb1.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: 2006-01-25

Reporting Person: SQUIRES BURT (Corporate VP Stores)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-01-25 Common Class A M 25000 $25.125 Acquired 51099 Direct
2006-01-25 Common Class A F 24375 $26.21 Disposed 26724 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-01-25 Employee Stock Option $25.125 M 25000 Disposed 2006-02-05 Common Class A (25000) Direct
2006-01-25 Employee Stock Option $26.21 F 24375 Acquired 2006-02-06 Common Class A (24375) Direct