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

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2010-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-31	Commom Class A	A	1169	$37.93	Acquired	464507	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A - Retirement Plan	31275	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.