Macy's, Inc. — Director's Dealing 2020

Mar 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Macy's, Inc. (M)
CIK: 0000794367
Period of Report: 2020-02-28

Reporting Person: Harper John T. (Chief Operations Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-28	Common Stock	A	15632	—	Acquired	27942	Direct
2020-02-28	Common Stock	F	963	$13.23	Disposed	26979	Direct
2020-03-02	Common Stock	S	5209	$12.7309	Disposed	21770	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	23463.1141	Indirect

Footnotes

F1: Settlement of performance restricted stock units granted in March 2017 following a 3-year (fiscal 2017-2019) performance period. Number includes 2,519 dividend shares accrued during the performance period.

F2: Withholding by Macy's, Inc. of 963 shares of common stock to satisfy reporting person's tax withholding obligations in connection with the vesting of accrued dividends on performance restricted stock units and delivery of common stock on February 28, 2020.

F3: 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 28, 2020 by $13.23, the stock price of such date.