FEDEX CORP — Director's Dealing 2014

Jan 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2014-01-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-17	Common Stock	M	871	$114.74	Acquired	23589	Direct
2014-01-17	Common Stock	M	4637	$114.74	Acquired	28226	Direct
2014-01-17	Common Stock	M	4600	$110.06	Acquired	32826	Direct
2014-01-17	Common Stock	M	908	$110.06	Acquired	33734	Direct
2014-01-17	Common Stock	S	11016	$141.2389	Disposed	22718	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-17	Incentive Stock Option (Right to Buy)	$114.74	M	871	Disposed	2017-07-09	Common Stock (871)	Direct
2014-01-17	Non-qualified Stock Option (Right to Buy)	$114.74	M	4637	Disposed	2017-07-09	Common Stock (4637)	Direct
2014-01-17	Non-qualified Stock Option (Right to Buy)	$110.06	M	4600	Disposed	2016-06-01	Common Stock (4600)	Direct
2014-01-17	Incentive Stock Option (Right to Buy)	$110.06	M	908	Disposed	2016-06-01	Common Stock (908)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.19 to $141.28, 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 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.