DILLARD'S, INC. — Director's Dealing 2011

Mar 10, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2011-03-09

Reporting Person: Willey Richard B. (Corporate VP Stores)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-09	Common Class A	M	6600	$25.74	Acquired	26167	Direct
2011-03-09	Common Class A	S	6600	$42.00	Disposed	19567	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-08	Common Class A	$25.74	M	6600	Acquired	2016-01-24	Common Class A (6600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A - Retirement Plan	6299	Direct