FEDEX CORP — Director's Dealing 2014

May 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2014-05-12

Reporting Person: WALSH PAUL S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-12	Common Stock	M	6000	$84.98	Acquired	14500	Direct
2014-05-12	Common Stock	S	400	$139.7901	Disposed	14100	Direct
2014-05-12	Common Stock	S	5600	$139.7908	Disposed	8500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-12	Stock Option (Right to Buy)	$84.98	M	6000	Disposed	2014-09-27	Common Stock (6000)	Direct

Footnotes

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