CARNIVAL CORP — Director's Dealing 2010

Nov 1, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2010-10-29

Reporting Person: DICKINSON ROBERT H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-29	Common Stock	M	40000	$34.25	Acquired	50235	Direct
2010-10-29	Common Stock	S	40000	$42.6375	Disposed	10235	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-29	Stock Option (Right to Buy)	$34.25	M	40000	Disposed	2013-08-01	Common Stock (40000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $42.63 to $42.65. 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: The options vested 20% per year over 5 years beginning on the first anniversary of the grant date.