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

Mar 31, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2015-03-27

Reporting Person: BAXTER TIMOTHY G (Chief Merchandising Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-27	Option to Purchase Common Stock	$63.65	A	23099	Acquired	2025-03-27	Common Stock (23099)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2578	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 27, 2015 by $63.65, the stock price of such date.

F2: Grant to reporting person of options to purchase 23,099 shares of common stock under the Issuer's 2009 Omnibus Incentive Compensation Plan. The options become exercisable in 25% increments on March 27, 2016, March 27, 2017, March 27, 2018 and March 27, 2019.