CARNIVAL CORP — Director's Dealing 2010

Feb 3, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2010-02-01

Reporting Person: ARISON MICKY MEIR (Director, Chairman & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-01	Common Stock	A	102551	—	Acquired	102551	Direct
2010-02-01	Common Stock	G	102551	—	Disposed	0	Direct
2010-02-01	Common Stock	G	102551	—	Acquired	589117	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	109898172	Indirect

Footnotes

F1: Grant of restricted stock made pursuant to the Carnival Corporation 2002 Stock Plan and the terms of an Executive Long-Term Compensation Agreement. The restriction on the shares lapse on the third anniversary of the grant date.

F2: The grant date is February 1, 2010. The grant was approved by the Compensation Committee on February 1, 2010 as a total value to be received in the form of restricted shares. The Compensation Committee also approved that the number of shares was to be determined by taking the closing price from February 1, 2010. The final price to determine the number of shares was established on February 1, 2010.

F3: Gift of Shares to the Nickel 2003 Revocable Trust

F4: Includes (i) 103,638,843 shares of common stock held by MA 1994 B Shares, L.P.; (ii) 538,393 shares of common stock held by the Nickel 97-07 Trust; (iii) 1,108,470 shares of common stock held by the Nickel 2006 GRAT; (iv) 382,587 shares of common stock held by the Nickel 2007 GRAT; (v) 624,680 shares of common stock held by the Nickel 2008 GRAT; (vi) 2,405,199 shares of common stock held by the Nickel 2008-2 GRAT; and (vii) 1,200,000 shares of common stock held by the Nickel 2009 GRAT.