FEDEX CORP — Director's Dealing 2015

Dec 21, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDEX CORP (FDX)
CIK: 0001048911
Period of Report: 2015-12-18

Reporting Person: GRAF ALAN B JR (EVP CHIEF FINANCIAL OFF)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-18	Common Stock	M	908	$110.06	Acquired	155338	Direct
2015-12-18	Common Stock	M	32247	$110.06	Acquired	187585	Direct
2015-12-18	Common Stock	S	33155	$147.5921	Disposed	154430	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-18	Incentive Stock Option (Right to Buy)	$110.06	M	908	Disposed	2016-06-01	Common Stock (908)	Direct
2015-12-18	Non-qualified Stock Option (Right to Buy)	$110.06	M	32247	Disposed	2016-06-01	Common Stock (32247)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20000	Indirect
Common Stock	7400	Indirect
Common Stock	443	Indirect
Common Stock	20000	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $147.10 to $147.98, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder of FedEx Corporation, or the staff of the Securities 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.