Macy's, Inc. — Director's Dealing 2010

Feb 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2010-02-19

Reporting Person: HOGUET KAREN M (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-19	Phantom Stock Units	$	A	81577.65	Acquired		Common Stock (81577.65)	Direct

Footnotes

F1: 1-for-1 conversion.

F2: Performance Based Phantom Stock Units earned from March 21, 2008 grant. Units will be payable in cash following expiration of holding periods, as follows: 50% on January 30, 2012 and 50% on February 4, 2013.