DILLARD'S, INC. — Director's Dealing 2009

Jul 14, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2008-02-05

Reporting Person: DILLARD MIKE (Director, Executive Vice President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-05	Common Class A	A	170	$19.10	Acquired	428325	Direct
2008-02-28	Commom Class A	A	589	$15.32	Acquired	428914	Direct
2008-05-02	Common Class A	A	160	$21.04	Acquired	432829	Direct
2008-08-05	Common Class A	A	309	$10.87	Acquired	433138	Direct
2008-11-04	Common Class A	A	608	$5.55	Acquired	433746	Direct
2008-12-26	Common Class A	A	15532	$3.36	Acquired	449278	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A - Retirement Plan	27868	Direct
Common Class A	41496	Direct
Common Class A	295014	Direct
Common Class B	3985776	Direct
Common Class A	26215	Direct

Footnotes

F1: 3,985,776 Class B Shares By W.D. Company. Reporting person owns 26.27%. This is W.D. Co.'s entire interest.

F2: Co-Trustee and co-beneficiary of WTD Exemption Trust.

F3: Co-Trustee of WTD Exemption Trust.

F4: Common Class A 41,496 Shares By W.D Company Owns 26.27% interest in W.D. Co. This is W.D. Co.'s entire interest.

F5: Represents an aquisition of Class A Common Stock from contributions to the Dillard's, Inc "Stock Purchase Plan". Effective January 1, 2008, the Issuer's qualified defined contribution retirement plan was amended and, accordingly, subsequent to that date the Stock Purchase Plan no longer meets all of the requirements for an "Excess Benefit Plan" under which transactions are generally exempt from reporting pursuant to Rules16b-3(c) and 16a-3(f)(1)(i)(B) under the Securities Exchange Act of 1934 ( the "Act"). Such aquisistions, however, continue to be exempt from potential liability under Section 16(b) of the Act pursuant to Rule 16b-3(d) under the Act.