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

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2011-12-14

Reporting Person: NEUBAUER JOSEPH (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-14	Common Stock	M	10000	$21.725	Acquired	92040	Direct
2011-12-14	Common Stock	M	10000	$15.75	Acquired	102040	Direct
2011-12-14	Common Stock	M	10000	$23.03	Acquired	112040	Direct
2011-12-14	Common Stock	M	7500	$25.32	Acquired	119540	Direct
2011-12-14	Common Stock	M	5000	$11.32	Acquired	124540	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-14	Option to Purchase Common Stock	$21.725	M	10000	Disposed	2012-05-17	Common Stock (10000)	Direct
2011-12-14	Option to Purchase Common Stock	$15.75	M	10000	Disposed	2013-05-16	Common Stock (10000)	Direct
2011-12-14	Option to Purchase Common Stock	$23.03	M	10000	Disposed	2014-05-21	Common Stock (10000)	Direct
2011-12-14	Option to Purchase Common Stock	$25.32	M	7500	Disposed	2018-05-16	Common Stock (7500)	Direct
2011-12-14	Option to Purchase Common Stock	$11.32	M	5000	Disposed	2019-05-15	Common Stock (5000)	Direct

F1: Options became exercisable as follows: 2,500 on May 17, 2003; 2,500 on May 17, 2004; 2,500 on May 17, 2005 and 2,500 on May 17, 2006.

F2: Options became exercisable as follows: 2,500 on May 16, 2004; 2,500 on May 16, 2005; 2,500 on May 16, 2006 and 2,500 on May 16, 2007.

F3: Options became exercisable as follows: 2,500 on May 21, 2005; 2,500 on May 21, 2006; 2,500 on May 21, 2007 and 2,500 on May 21, 2008.

F4: Options became exercisable as follows: 2,500 on May 16, 2009; 2,500 on May 16, 2010 and 2,500 on May 16, 2011.

F5: Options became exercisable as follows: 2,500 on May 15, 2010 and 2,500 on May 15, 2011.