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

Oct 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2011-10-24

Reporting Person: BELSKY JOEL A (EVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-24	Common Stock	M	3000	$25.005	Acquired	3000	Direct
2011-10-24	Common Stock	M	7500	$24.85	Acquired	10500	Direct
2011-10-24	Common Stock	M	2500	$20.89	Acquired	13000	Direct
2011-10-24	Common Stock	M	1000	$20.89	Acquired	14000	Direct
2011-10-24	Common Stock	S	10500	$31.27	Disposed	3500	Direct
2011-10-24	Common Stock	S	2500	$31.26	Disposed	1000	Direct
2011-10-24	Common Stock	S	1000	$31.24	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-24	Option to Purchase Common Stock	$25.005	M	3000	Disposed	2014-03-26	Common Stock (3000)	Direct
2011-10-24	Option to Purchase Common Stock	$24.85	M	7500	Disposed	2018-03-21	Common Stock (7500)	Direct
2011-10-24	Option to Purchase Common Stock	$20.89	M	2500	Disposed	2020-03-19	Common Stock (2500)	Direct
2011-10-24	Option to Purchase Common Stock	$20.89	M	1000	Disposed	2020-03-19	Common Stock (1000)	Direct