FEDEX CORP — Director's Dealing 2014

Apr 1, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2014-03-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-31	Common Stock	M	1114	$89.70	Acquired	23832	Direct
2014-03-31	Common Stock	M	8066	$89.70	Acquired	31898	Direct
2014-03-31	Common Stock	M	1101	$90.81	Acquired	32999	Direct
2014-03-31	Common Stock	M	5324	$90.81	Acquired	38323	Direct
2014-03-31	Common Stock	M	2605	$56.31	Acquired	40928	Direct
2014-03-31	Common Stock	S	18210	$132.1589	Disposed	22718	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-31	Incentive Stock Option (Right to Buy)	$89.70	M	1114	Disposed	2015-06-01	Common Stock (1114)	Direct
2014-03-31	Non-qualified Stock Option (Right to Buy)	$89.70	M	8066	Disposed	2015-06-01	Common Stock (8066)	Direct
2014-03-31	Incentive Stock Option (Right to Buy)	$90.81	M	1101	Disposed	2018-06-02	Common Stock (1101)	Direct
2014-03-31	Non-qualified Stock Option (Right to Buy)	$90.81	M	5324	Disposed	2018-06-02	Common Stock (5324)	Direct
2014-03-31	Non-qualified Stock Option (Right to Buy)	$56.31	M	2605	Disposed	2019-06-08	Common Stock (2605)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $132.12 to $132.32, 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: These options first exercisable one year from date of grant.