DILLARD'S, INC. — Director's Dealing 2014

May 8, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2014-05-06

Reporting Person: DILLARD ALEX (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-06	Common Class A	A	41	$96.60	Acquired	917440	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A - Retirement Plan	80930	Direct
Common Class A	41496	Indirect
Common Class A	7300	Indirect
Common Class A	36000	Indirect
Common Class A	2772	Indirect
Common Class B	3985776	Indirect

Footnotes

F1: These shares are held by W.D. Company. The reporting person owns 27.93% of W.D. Company and is one of its directors.

F2: Trustee of GST Trust

F3: Owned by Spouse

F4: Co-Executor and Co-Beneficiary of Estate of Alexa L. Dillard.