Macy's, Inc. — Director's Dealing 2014

Feb 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2014-02-27

Reporting Person: Clark David Wm (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-27	Common Stock	M	19722	$46.15	Acquired	26847	Direct
2014-02-27	Common Stock	S	19722	$57.43	Disposed	7125	Direct
2014-02-27	Common Stock	M	36231	$8.76	Acquired	43356	Direct
2014-02-27	Common Stock	S	36231	$57.43	Disposed	7125	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-27	Option to Purchase Common Stock	$46.15	M	19722	Disposed	2017-03-23	Common Stock (19722)	Direct
2014-02-27	Option to Purchase Common Stock	$8.76	M	36231	Disposed	2019-03-20	Common Stock (36231)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1666	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 February 26, 2014 by $57.96, the stock price of such date.