CARNIVAL CORP — Director's Dealing 2012

Feb 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2012-02-15

Reporting Person: FRANK HOWARD S (Director, Vice Chairman & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-15	Common Stock	A	96417	—	Acquired	249798.1066	Direct
2012-02-15	Common Stock	F	35144	$30.26	Disposed	214654.1066	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5880	Indirect

Footnotes

F1: Grant of Restricted Stock made pursuant to the Carnival Corporation 2011 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 was approved by the Compensation Committee 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 dividing the value by the closing price on date of grant.

F3: Represents a surrender of shares to satisfy tax obligation on the vesting of the Restricted Stock Award.