DILLARD'S, INC. — Director's Dealing 2020

May 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DILLARD'S, INC. (DDS)
CIK: 0000028917
Period of Report: 2020-05-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-05	Common Class A	A	1002	$28.85	Acquired	1076930	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Class A - Retirement Plan	684	Direct
Common Class A	41496	Indirect
Common Class A	7300	Indirect

Footnotes

F1: These shares are held by W.D. Company, Inc. The reporting person owns 27.4% of W.D. Company, Inc. and is one of its directors and officers. W. D. Company, Inc. also holds 3,985,776 shares of Class B Common Stock, which are convertible into shares of Class A Common Stock on a one-for-one basis.

F2: Trustee of GST Trust