SHOE CARNIVAL INC — Director's Dealing 2012

Jan 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHOE CARNIVAL INC (SCVL)
CIK: 0000895447
Period of Report: 2012-01-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-23	Common Stock	M	400	$12.67	Acquired	66506	Direct
2012-01-23	Common Stock	S	400	$25.535	Disposed	66106	Direct
2012-01-24	Common Stock	M	2933	$12.67	Acquired	69039	Direct
2012-01-24	Common Stock	S	2933	$25.5	Disposed	66106	Direct
2012-01-24	Common Stock	M	6667	$12.67	Acquired	72773	Direct
2012-01-24	Common Stock	S	6667	$25.5	Disposed	66106	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-24	Incentive Stock Option (right to buy)	$12.67	M	6667	Disposed	2013-03-11	Common Stock (6667)	Direct
2012-01-23	Non-Qualified Stock Option (right to buy)	$12.67	M	400	Disposed	2013-03-11	Common Stock (400)	Direct
2012-01-24	Non-Qualified Stock Option (right to buy)	$12.67	M	2933	Disposed	2013-03-11	Common Stock (2933)	Direct

Footnotes

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