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

May 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2011-05-13

Reporting Person: LEVINSON SARA (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-13	Common Stock	M	5000	$23.505	Acquired	5000	Direct
2011-05-13	Common Stock	M	7500	$21.725	Acquired	12500	Direct
2011-05-13	Common Stock	M	4000	$15.75	Acquired	16500	Direct
2011-05-13	Common Stock	M	4000	$23.03	Acquired	20500	Direct
2011-05-13	Common Stock	M	3000	$25.32	Acquired	23500	Direct
2011-05-13	Common Stock	M	1500	$11.32	Acquired	25000	Direct
2011-05-13	Common Stock	S	5000	$28.03	Disposed	20000	Direct
2011-05-13	Common Stock	S	7500	$28.66	Disposed	12500	Direct
2011-05-13	Common Stock	S	8000	$28.64	Disposed	4500	Direct
2011-05-13	Common Stock	S	3000	$28.6367	Disposed	1500	Direct
2011-05-13	Common Stock	S	1500	$28.6602	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-13	Option to Purchase Common Stock	$23.505	M	5000	Disposed	2011-05-18	Common Stock (5000)	Direct
2011-05-13	Option to Purchase Common Stock	$21.725	M	7500	Disposed	2012-05-17	Common Stock (7500)	Direct
2011-05-13	Option to Purchase Common Stock	$15.75	M	4000	Disposed	2013-05-16	Common Stock (4000)	Direct
2011-05-13	Option to Purchase Common Stock	$23.03	M	4000	Disposed	2014-05-21	Common Stock (4000)	Direct
2011-05-13	Option to Purchase Common Stock	$25.32	M	3000	Disposed	2018-05-16	Common Stock (3000)	Direct
2011-05-13	Option to Purchase Common Stock	$11.32	M	1500	Disposed	2019-05-15	Common Stock (1500)	Direct