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

Mar 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2014-02-28

Reporting Person: HOGUET KAREN M (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-28	Common Stock	A	53064	—	Acquired	241620	Direct
2014-03-03	Common Stock	S	53064	$56.9163	Disposed	188556	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2729	Indirect

Footnotes

F1: Settlement of performance-based restricted stock units following a 3-year (2011-2013) performance period. Number includes 2,678 dividend shares accrued during the performance period.

F2: 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 3, 2014 by $57.62, the stock price of such date.