Merck & Co., Inc. — Director's Dealing 2014

May 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Merck & Co. Inc. (MRK)
CIK: 0000310158
Period of Report: 2014-05-09

Reporting Person: FRAZIER KENNETH C (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-09	Common Stock	M	9334.0000	$35.0900	Acquired	342385.0630	Direct
2014-05-09	Common Stock	M	3542.0000	$31.8400	Acquired	345927.0630	Direct
2014-05-09	Common Stock	S	10220.0000	$55.0000	Disposed	335707.0630	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-09	Stock Option (right to buy)	$31.8400	M	3542.0000	Disposed	2015-02-24	Common Stock (3542.0000)	Direct
2014-05-09	Stock Option (right to buy)	$35.0900	M	9334.0000	Disposed	2016-03-02	Common Stock (9334.0000)	Direct
2014-05-09	Stock Option (right to buy)	$58.2200	A	550206.0000	Acquired	2024-05-08	Common Stock (550206.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock - 401(k) Plan	3470.0603	Indirect

Footnotes

F1: The exercise and sale transactions reported in this Form 4 are made pursuant to a Rule 10b5-1 trading plan.

F2: Holdings include shares acquired in dividend reinvestment transactions.

F3: Includes shares acquired and dividends earned through April 7, 2014, in the Merck U.S. Savings Plan, a 401(k) plan.

F4: The option vests in three equal annual installments beginning May 9, 2015.