X0304 4 2011-09-08 0001060232 COLLECTIVE BRANDS, INC. PSS 0001439918 Click Betty J. 3231 SOUTHEAST SIXTH AVENUE TOPEKA KS 66607 0 1 0 0 Senior Vice President Common Stock 2011-09-08 4 F 0 141 12.84 D 16970 D Common Stock 848 I 401(k) Plan Includes approximately 3,189 shares held under the Collective Brands, Inc. Stock Purchase Plan. The reporting person holds approximately 848 shares indirectly under the Payless ShoeSource, Inc. 401(k) Profit Sharing Plan (the "Plan") based on a statement provided by the Plan Administrator. Because the Common Stock Fund under the Plan holds both cash and Payless Common Stock, the actual number of shares allocable to each participant's account varies from statement to statement. Harold J. Herman, II - Attorney-in-fact 2011-09-09