SHOE CARNIVAL INC — Director's Dealing 2011

Sep 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHOE CARNIVAL INC (SCVL)
CIK: 0000895447
Period of Report: 2011-09-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-15	Common Stock	M	6800	$17.12	Acquired	74906	Direct
2011-09-15	Common Stock	S	6800	$24.14	Disposed	68106	Direct
2011-09-16	Common Stock	M	4200	$17.12	Acquired	72306	Direct
2011-09-16	Common Stock	S	4200	$24.25	Disposed	68106	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-15	Incentive Stock Option (right to buy)	$17.12	M	6800	Disposed	2012-04-03	Common Stock (6800)	Direct
2011-09-16	Incentive Stock Option (right to buy)	$17.12	M	4200	Disposed	2012-04-03	Common Stock (4200)	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.