Macy's, Inc. — Director's Dealing 2012

Mar 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2012-03-19

Reporting Person: BELSKY JOEL A (EVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-19	Common Stock	M	4375	$20.89	Acquired	4375	Direct
2012-03-19	Common Stock	S	2500	$39.3473	Disposed	1875	Direct
2012-03-19	Common Stock	S	1875	$39.3512	Disposed	0	Direct
2012-03-20	Common Stock	M	2500	$8.76	Acquired	2500	Direct
2012-03-20	Common Stock	S	2500	$39.18	Disposed	0	Direct
2012-03-21	Common Stock	M	2500	$24.85	Acquired	2500	Direct
2012-03-21	Common Stock	S	2500	$39.68	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-19	Option to Purchase Common Stock	$20.89	M	2500	Disposed	2020-03-19	Common Stock (2500)	Direct
2012-03-19	Option to Purchase Common Stock	$20.89	M	1875	Disposed	2020-03-19	Common Stock (1875)	Direct
2012-03-20	Option to Purchase Common Stock	$8.76	M	2500	Disposed	2019-03-20	Common Stock (2500)	Direct
2012-03-21	Option to Purchase Common Stock	$24.85	M	2500	Disposed	2018-03-21	Common Stock (2500)	Direct