DILLARD'S, INC. — Director's Dealing 2012

Nov 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2012-11-27

Reporting Person: DILLARD WILLIAM T II (Director, CEO, Chairman of Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-23	Common Class A	G	300	—	Disposed	828147	Direct
2012-11-27	Common Class A	M	500000	$25.74	Acquired	1328147	Direct
2012-11-27	Common Class A	F	299972	$87.98	Disposed	1028175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-27	Common Class A	$25.74	M	500000	Disposed	2016-01-24	Common Class A (500000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A - Retirement Plan	97273	Direct
Common Class A	41496	Indirect
Common Class B	3985776	Indirect

Footnotes

F1: These shares are held by W.D. Company. The reporting person owns 27.4% of W.D. Company and is one of its directors and officers.