FEDEX CORP — Director's Dealing 2011

Jul 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2011-07-21

Reporting Person: SMITH JOSHUA I (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-21	Common Stock	M	5000	$49.23	Acquired	10086	Direct
2011-07-21	Common Stock	M	7000	$64.38	Acquired	17086	Direct
2011-07-21	Common Stock	S	2651	$93.81	Disposed	14435	Direct
2011-07-21	Common Stock	S	6400	$93.84	Disposed	8035	Direct
2011-07-21	Common Stock	S	600	$93.86	Disposed	7435	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-21	Stock Option (Right to Buy)	$49.23	M	5000	Disposed	2012-09-30	Common Stock (5000)	Direct
2011-07-21	Stock Option (Right to Buy)	$64.38	M	7000	Disposed	2013-09-29	Common Stock (7000)	Direct

Footnotes

F1: These options first exercisable one year from date of grant.