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

Nov 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2010-11-23

Reporting Person: HOGUET KAREN M (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-23	Common Stock	M	10000	$21.425	Acquired	85777	Direct
2010-11-23	Common Stock	S	10000	$26	Disposed	75777	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-23	Options to Purchase Common Stock	$21.425	M	10000	Disposed	2011-03-23	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2615	Indirect

Footnotes

F1: Reflects the reporting person's interest in Macy's stock under the Issuer's 401(k) plan, derived by dividing the value of the undivided interest of the reporting person in the applicable investment fund as of November 22, 2010 by $25.64, the stock price of such date.