FEDEX CORP — Director's Dealing 2011

Jan 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2011-01-18

Reporting Person: JACKSON SHIRLEY A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-18	Common Stock	M	7000	$64.38	Acquired	14000	Direct
2011-01-18	Common Stock	S	6400	$95.645	Disposed	7600	Direct
2011-01-18	Common Stock	S	300	$95.64	Disposed	7300	Direct
2011-01-18	Common Stock	S	300	$95.66	Disposed	7000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-18	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.