FEDEX CORP — Director's Dealing 2011

Jul 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2011-07-01

Reporting Person: Logue William J (President/CEO - FedEx Freight)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-01	Common Stock	M	2036	$53.765	Acquired	38186	Direct
2011-07-01	Common Stock	M	1500	$49.705	Acquired	39686	Direct
2011-07-01	Common Stock	S	8821	$96.398	Disposed	30865	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-01	Non-qualified Stock Option (Right to Buy)	$53.765	M	2036	Disposed	2012-06-03	Common Stock (2036)	Direct
2011-07-01	Non-qualified Stock Option (Right to Buy)	$49.705	M	1500	Disposed	2012-07-15	Common Stock (1500)	Direct

Footnotes

F1: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.3677 to $96.46, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holders of FedEx Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F2: Ownership has been adjusted to reflect dividend paid to all holders of record.

F3: These options first exercisable one year from date of grant.