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

Feb 28, 2012

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2012-01-28

Reporting Person: DILLARD ALEX (Director, President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A	770605	Direct
Common Class A - Retirement Plan	75023	Direct
Common Class A	295014	Direct
Common Class A	41496	Direct
Common Class A	36000	Indirect
Common Class A	26215	Direct
Common Class B	3985776	Direct

Footnotes

F1: 41,496 Shares by W.D. Company. Reporting person owns 27.93%. This is W.D. Co.'s entire interest

F2: 3,985,776 Class B Shares by W.D. Company. Reporting person owns 27.93%. This is W.D. Co.'s entire interest.

F3: Co-Trustee and co-beneficiary of WTD Exemption Trust.

F4: Owned by Spouse

F5: Co-Trustee of WTD Exemption Trust.

F6: Between January 30, 20101and January 28, 2012, the reporting person acquired 940 shares of Dillard's Common Class A stock under the Dillard's 401(k) plan. This acquisiton is exempt under Rule 16b-3(c).