SHOE CARNIVAL INC — Director's Dealing 2009

Nov 24, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHOE CARNIVAL INC (SCVL)
CIK: 0000895447
Period of Report: 2009-11-23

Reporting Person: SIFFORD CLIFTON E (EVP - GENERAL MERCHANDISE MGR)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-23	Common Stock	M	6667	$8.5625	Acquired	60708	Direct
2009-11-23	Common Stock	S	6667	$17.8125	Disposed	54041	Direct
2009-11-23	Common Stock	M	3333	$8.5625	Acquired	57374	Direct
2009-11-23	Common Stock	S	3333	$17.8125	Disposed	54041	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-23	Incentive Stock Option (right to buy)	$8.5625	M	6667	Disposed	2010-03-06	Common Stock (6667)	Direct
2009-11-23	Non-Qualified Stock Option (right to buy)	$8.5625	M	3333	Disposed	2010-03-06	Common Stock (3333)	Direct

Footnotes

F1: The option becomes exercisable in thirds, commencing one year after the date of grant.

F2: These options were set to expire just under four months from date of exercise.