CARNIVAL CORP — Director's Dealing 2010

Apr 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2010-04-29

Reporting Person: PEREZ ARNALDO (SVP, Gen Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-29	Common Stock	M	15000	$29.8125	Acquired	64470.9126	Direct
2010-04-29	Common Stock	S	15000	$42.1322	Disposed	49470.9126	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-29	Stock Option (Right to Buy)	$29.8125	M	15000	Disposed	2011-01-08	Common Stock (15000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $42.075 to $42.24. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: Options vested ratably over five years beginning on the first anniversary of the grant date.