CARNIVAL CORP — Director's Dealing 2012

Oct 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2012-10-03

Reporting Person: DONALD ARNOLD W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-03	Common Stock	M	6000	$27.875	Acquired	24359	Direct
2012-10-03	Common Stock	S	6000	$36.5785	Disposed	18359	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-10-03	Stock Options (Right to Buy)	$27.875	M	6000	Disposed	2012-12-02	Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1807	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $36.57 to $36.60. 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.