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: Gennette Jeffrey (Chief Merchandising Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-23	Option to Purchase Common Stock	$39.84	A	43371	Acquired	2022-03-23	Common Stock (43371)	Direct
2012-03-23	Restricted Stock Units	$	A	25100	Acquired	2015-03-23	Common Stock (25100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	551	Indirect

Footnotes

F1: Reflects the reporting person's interest in Macy's stock under the Issuer's 401(k) plan, derived by dividing the value of the undivided interest of the reporting person in the applicable investment fund as of March 23, 2012 by $39.84, the stock price of such date.

F2: Grant to reporting person of options to purchase 43,371 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.

F3: Each restricted stock unit represents the equivalent of one share of the Issuer's common stock.