X0202 4 2006-03-17 0000006885 STAGE STORES INC SSI 0001269153 LUNDY RUSS II 10201 S. MAIN STREET HOUSTON TX 77025 0 1 0 0 SVP, Peebles Stores Stock Appreciation Rights (SARs) 28.77 2006-03-17 4 A 0 4500 28.77 A 2007-03-17 2013-03-17 Common Stock 4500 15750 D On March 17, 2006, Mr. Lundy was granted Stock Appreciation Rights (SARs) with respect to a total of 4,500 shares of common stock. The grant price for the SARs is $28.77 per share of common stock. The SARs will vest at the rate of 25% per year on the first four anniversary dates from the date of grant. They will expire on the earlier of (i) sixty days after Mr. Lundy is no longer an officer of Stage Stores Inc. or (ii) seven years from the date of grant. s/ R. E. Stasyszen, Attorney in Fact for Russ Lundy, II 2006-03-21