FEDEX CORP — Director's Dealing 2012

Jan 24, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2012-01-23

Reporting Person: GLENN T MICHAEL (EVP MKT DEVEL/CORP COMM)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-23	Common Stock	M	1859	$53.765	Acquired	122858	Direct
2012-01-23	Common Stock	M	43141	$53.765	Acquired	165999	Direct
2012-01-23	Common Stock	S	45000	$91.0508	Disposed	120999	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-23	Incentive Stock Option (Right to Buy)	$53.765	M	1859	Disposed	2012-06-03	Common Stock (1859)	Direct
2012-01-23	Non-qualified Stock Option (Right to Buy)	$53.765	M	43141	Disposed	2012-06-03	Common Stock (43141)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	88750	Indirect
Common Stock	556	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.00 to $91.16, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder 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.

F2: The reporting person disclaims beneficial ownership of FedEx common stock held by Glenn Family Partners except to the extent of his pecuniary interest therein.

F3: Ownership has been adjusted to reflect dividend paid to all holders of record.

F4: These options first exercisable one year from date of grant.