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

Mar 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2012-03-23

Reporting Person: BELSKY JOEL A (EVP and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-26	Common Stock	M	12000	$30.535	Acquired	12000	Direct
2012-03-26	Common Stock	M	2500	$23.43	Acquired	14500	Direct
2012-03-26	Common Stock	S	4500	$40.1779	Disposed	10000	Direct
2012-03-26	Common Stock	S	2500	$40.18	Disposed	7500	Direct
2012-03-26	Common Stock	S	7500	$40.2371	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-26	Option to Purchase Common Stock	$30.535	M	12000	Disposed	2015-03-25	Common Stock (12000)	Direct
2012-03-26	Option to Purchase Common Stock	$23.43	M	2500	Disposed	2021-03-25	Common Stock (2500)	Direct
2012-03-23	Option to Purchase Common Stock	$39.84	A	10000	Acquired	2022-03-23	Common Stock (10000)	Direct

Footnotes

F1: Grant to reporting person of options to purchase 10,000 shares of common stock under the Issuer's 2009 Omnibus Incentive Compensation Plan. The options become exercisable in 25% increments on March 23, 2013, March 23, 2014, March 23, 2015 and March 23, 2016.