CARNIVAL CORP — Director's Dealing 2020

Jan 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CARNIVAL CORP (CCL)
CIK: 0000815097
Period of Report: 2020-01-16

Reporting Person: PEREZ ARNALDO (General Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-16	Common Stock	F	1405	$50.9086	Disposed	30821.2672	Direct
2020-01-17	Common Stock	F	1888	$51.8148	Disposed	29743.2672	Direct
2020-01-17	Common Stock	A	3612	—	Acquired	33355.2672	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17914	Indirect

Footnotes

F1: Represents a surrender of shares to satisfy a tax obligation on the vesting of restricted stock units ("RSUs") granted January 16, 2018, and settlement of dividend equivalents.

F2: Represents a surrender of shares to satisfy a tax obligation on the vesting of RSUs granted January 17, 2017, and settlement of dividend equivalents.

F3: Grant of RSUs made pursuant to the Carnival Corporation 2011 Stock Plan. Award of RSUs represent a hypothetical interest in Carnival Corporation common stock. The RSUs will vest on January 17, 2022. The RSUs will accumulate dividend equivalents and may only be settled in shares.

F4: The grant was approved by the Compensation Committee as a total value to be received in the form of RSUs. The Compensation Committee also approved that the number of RSUs were determined by dividing the value by the closing price on date of grant.

F5: Includes shares acquired pursuant to purchases made under the Carnival Corporation Employee Stock Purchase Plan (ESPP), dividend reinvestments under the ESPP or the reporting person's brokerage account and/or dividend equivalent shares associated with the release of RSU grants.