FEDEX CORP — Director's Dealing 2010

Apr 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2010-04-06

Reporting Person: Rebholz David F (President & CEO - FedEx Ground)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-06	Common Stock	M	1549	$64.53	Acquired	47824	Direct
2010-04-06	Common Stock	M	5951	$64.53	Acquired	53775	Direct
2010-04-06	Common Stock	M	1372	$72.845	Acquired	55147	Direct
2010-04-06	Common Stock	M	11378	$72.845	Acquired	66525	Direct
2010-04-06	Common Stock	S	20250	$92.3797	Disposed	46275	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-06	Incentive Stock Option (Right to Buy)	$64.53	M	1549	Disposed	2013-06-02	Common Stock (1549)	Direct
2010-04-06	Non-qualified Stock Option (Right to Buy)	$64.53	M	5951	Disposed	2013-06-02	Common Stock (5951)	Direct
2010-04-06	Incentive Stock Option (Right to Buy)	$72.845	M	1372	Disposed	2014-06-01	Common Stock (1372)	Direct
2010-04-06	Non-qualified Stock Option (Right to Buy)	$72.845	M	11378	Disposed	2014-06-01	Common Stock (11378)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	848	Indirect

Footnotes

F1: Ownership has been adjusted to reflect dividend paid to all holders of record.

F2: These options first exercisable one year from date of grant.