SHOE CARNIVAL INC — Director's Dealing 2009

Sep 2, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHOE CARNIVAL INC (SCVL)
CIK: 0000895447
Period of Report: 2009-08-31

Reporting Person: BAKER TIMOTHY T (EXEC. VP - STORE OPERATIONS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-31	Common Stock	M	317	$8.5625	Acquired	54716	Direct
2009-08-31	Common Stock	S	317	$16	Disposed	54399	Direct
2009-08-31	Common Stock	M	271	$4.38	Acquired	54670	Direct
2009-08-31	Common Stock	S	271	$16	Disposed	54399	Direct
2009-09-01	Common Stock	M	96	$4.38	Acquired	54495	Direct
2009-09-01	Common Stock	S	96	$15.75	Disposed	54399	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-08-31	Non-Qualified Stock Option (right to buy)	$4.38	M	271	Disposed	2010-12-10	Common Stock (271)	Direct
2009-09-01	Non-Qualified Stock Option (right to buy)	$4.38	M	96	Disposed	2010-12-10	Common Stock (96)	Direct
2009-08-31	Non-Qualified Stock Option (right to buy)	$8.5625	M	317	Disposed	2010-03-06	Common Stock (317)	Direct

Footnotes

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