SHOE CARNIVAL INC — Director's Dealing 2011

Sep 29, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHOE CARNIVAL INC (SCVL)
CIK: 0000895447
Period of Report: 2011-09-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-27	Common Stock	M	5000	$17.12	Acquired	66336	Direct
2011-09-27	Common Stock	S	5000	$24.5	Disposed	61336	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-27	Non-Qualified Stock Option (right to buy)	$17.12	M	5000	Disposed	2012-04-03	Common Stock (5000)	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 seven months from date of exercise.