CARNIVAL CORP — Director's Dealing 2011

Sep 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2011-09-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-22	Common Stock	M	18000	$22.57	Acquired	75211.7112	Direct
2011-09-22	Common Stock	S	18000	$31.59	Disposed	57211.7112	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-22	Stock Option (Right to Buy)	$22.57	M	18000	Disposed	2011-10-08	Common Stock (18000)	Direct

Footnotes

F1: Includes shares acquired pursuant to purchase under, or the dividend reinvestment feature of, the Carnival Corporation Employee Stock Purchase Plan.

F2: The options vested 20% per year over 5 years beginning on the first anniversary of the grant date.