Macy's, Inc. — Director's Dealing 2011

Jul 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2011-07-11

Reporting Person: Clark David Wm (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-11	Common Stock	M	10000	$21.34	Acquired	10000	Direct
2011-07-11	Common Stock	M	36000	$14.285	Acquired	46000	Direct
2011-07-11	Common Stock	S	10000	$29.6304	Disposed	36000	Direct
2011-07-11	Common Stock	S	36000	$29.6149	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-11	Option to Purchase Common Stock	$21.34	M	10000	Disposed	2012-03-22	Common Stock (10000)	Direct
2011-07-11	Option to Purchase Common Stock	$14.285	M	36000	Disposed	2013-03-28	Common Stock (36000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1604	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 July 11, 2011 by $29.60, the stock price of such date.