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

Apr 1, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2014-03-28

Reporting Person: Gennette Jeffrey (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-01	Common Stock	M	9285	$20.89	Acquired	34385	Direct
2014-04-01	Common Stock	S	9285	$59.17	Disposed	25100	Direct
2014-04-01	Common Stock	M	18610	$23.43	Acquired	43710	Direct
2014-04-01	Common Stock	S	18610	$59.17	Disposed	25100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-28	Option to Purchase Common Stock	$58.92	A	37755	Acquired	2024-03-28	Common Stock (37755)	Direct
2014-04-01	Option to Purchase Common Stock	$20.89	M	9285	Disposed	2020-03-19	Common Stock (9285)	Direct
2014-04-01	Option to Purchase Common Stock	$23.43	M	18610	Disposed	2021-03-25	Common Stock (18610)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	570	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 31, 2014 by $59.29, the stock price of such date.

F2: Grant to reporting person of options to purchase 37,755 shares of common stock under the Issuer's 2009 Omnibus Incentive Compensation Plan. The options become exercisable in 25% increments on March 28, 2015, March 28, 2016, March 28, 2017 and March 28, 2018.