Macy's, Inc. — Director's Dealing 2015

May 28, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2015-05-27

Reporting Person: Harrison Robert B (Chief Omnichannel Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-27	Common Stock	M	10808	$36.26	Acquired	47366	Direct
2015-05-27	Common Stock	S	10808	$67.2675	Disposed	36558	Direct
2015-05-27	Common Stock	M	18500	$46.15	Acquired	55058	Direct
2015-05-27	Common Stock	S	18500	$67.2222	Disposed	36558	Direct
2015-05-27	Common Stock	M	30573	$24.85	Acquired	67131	Direct
2015-05-27	Common Stock	S	30573	$67.1315	Disposed	36558	Direct
2015-05-27	Common Stock	M	11207	$25.32	Acquired	47765	Direct
2015-05-27	Common Stock	S	11207	$67.1406	Disposed	36558	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-27	Option to Purchase Common Stock	$36.26	M	10808	Disposed	2016-03-24	Common Stock (10808)	Direct
2015-05-27	Option to Purchase Common Stock	$46.15	M	18500	Disposed	2017-03-23	Common Stock (18500)	Direct
2015-05-27	Option to Purchase Common Stock	$24.85	M	30573	Disposed	2018-03-21	Common Stock (30573)	Direct
2015-05-27	Option to Purchase Common Stock	$25.32	M	11207	Disposed	2018-05-16	Common Stock (11207)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1841	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 May 27, 2015 by $67.80, the stock price of such date.