CARNIVAL CORP — Director's Dealing 2013

May 24, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2013-05-22

Reporting Person: KELLY ENNIS DEBRA J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-22	Restricted Stock Units	A	3611	—	Acquired	7451	Direct

Footnotes

F1: Award of restricted stock units which represents a hypothetical interest in Carnival Corporation common stock, which will vest on the third anniversary of the grant date. The restricted stock units will accumulate dividend equivalents and may only be settled in shares.

F2: Issued pursuant to the Carnival Corporation 2011 Stock Plan. The restriction on the shares lapses on the third anniversary of the grant date.

F3: The Board of Directors approved a value of $120,000 to be awarded to the reporting person in the form of restricted stock units ("RSUs"). The number of RSUs was determined by dividing the closing price of a share of Carnival Corporation common stock on April 17, 2013 and dividing it into $120,000 then rounding down to the nearest whole share.