SHOE CARNIVAL INC - Director's Dealing 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHOE CARNIVAL INC (SCVL)
CIK: 0000895447
Period of Report: 2011-09-16

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-16	Common Stock	M	3723	$17.12	Acquired	65059	Direct
2011-09-16	Common Stock	M	1277	$17.12	Acquired	66336	Direct
2011-09-16	Common Stock	S	5000	$24.25	Disposed	61336	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-16	Incentive Stock Option (right to buy)	$17.12	M	3723	Disposed	2012-04-03	Common Stock (3723)	Direct
2011-09-16	Non-Qualified Stock Option (right to buy)	$17.12	M	1277	Disposed	2012-04-03	Common Stock (1277)	Direct

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.