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

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2010-12-31

Reporting Person: FELDBERG MEYER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-31	Common Stock	M	409	—	Acquired	15992	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-31	Phantom Stock Units	$	M	384	Disposed	2010-12-31	Common Stock (384)	Direct

Footnotes

F1: In addition to the shares converted as reported on Table II, the reporting person also acquired 25 shares of common stock paid as dividends on those converted shares resulting from a dividend reinvestment feature of the director's compensation program.

F2: 1-for-1 conversion.