FEDEX CORP — Director's Dealing 2014

May 9, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2014-05-08

Reporting Person: CARTER ROBERT B (EVP Chief Info Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-08	Common Stock	M	14500	$89.70	Acquired	54959	Direct
2014-05-08	Common Stock	S	14500	$136.3812	Disposed	40459	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-08	Non-qualified Stock Option (Right to Buy)	$89.70	M	14500	Disposed	2015-06-01	Common Stock (14500)	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 $136.32 to $136.47, 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.