FEDEX CORP — Director's Dealing 2012

Jan 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2012-01-19

Reporting Person: MERINO JOHN L (CVP PRIN ACCT OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-19	Common Stock	M	1549	$64.53	Acquired	20785	Direct
2012-01-19	Common Stock	M	951	$64.53	Acquired	21736	Direct
2012-01-19	Common Stock	M	1000	$64.475	Acquired	22736	Direct
2012-01-19	Common Stock	M	500	$67.365	Acquired	23236	Direct
2012-01-19	Common Stock	S	4000	$91.89	Disposed	19236	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-19	Incentive Stock Option (Right to Buy)	$64.53	M	1549	Disposed	2013-06-02	Common Stock (1549)	Direct
2012-01-19	Non-qualified Stock Option (Right to Buy)	$64.53	M	951	Disposed	2013-06-02	Common Stock (951)	Direct
2012-01-19	Non-qualified Stock Option (Right to Buy)	$64.475	M	1000	Disposed	2013-07-14	Common Stock (1000)	Direct
2012-01-19	Incentive Stock Option (Right to Buy)	$67.365	M	500	Disposed	2014-03-15	Common Stock (500)	Direct

Footnotes

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