CARNIVAL CORP — Director's Dealing 2011

Dec 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2011-12-23

Reporting Person: KRUSE STEIN (President & CEO, HAL)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-23	Common Stock	S	35601	$32.7205	Disposed	66566.5604	Direct

Footnotes

F1: These shares were sold upon the vesting of restricted stock granted under the Company's 2002 Stock Plan. The plan administrator aggregated all shares to be sold by plan participants and sold the shares over a two-day period ending on December 23, 2011. The price reported in Column 4 is a weighted average price. Shares were sold in multiple transactions at prices between $32.43 and $33.43. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

F2: Includes shares acquired pursuant to purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.