CARNIVAL CORP — Director's Dealing 2015

Oct 19, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2015-10-15

Reporting Person: DONALD ARNOLD W (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-15	Common Stock	M	5000	$46.61	Acquired	123071.582	Direct
2015-10-15	Common Stock	S	5000	$49.9481	Disposed	118071.582	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-15	Stock Options (Right to Buy)	$46.61	M	5000	Disposed	2015-10-18	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1807	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $49.91 to $49.98. 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: Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's brokerage account.

F3: Options vested ratably over five years beginning on the first anniversary of the grant date.