X0306 4 2016-01-11 0000815097 CARNIVAL CORP CCL 0001083206 DONALD ARNOLD W CARNIVAL CORPORATION 3655 N.W. 87TH AVENUE MIAMI FL 33178 1 1 President & CEO Common Stock 2016-01-11 4 A 0 38932 0 A 157045.732 D Common Stock 1807 I By The Arnold W. Donald Revocable Trust Uad 5/26/98 Grant of restricted stock made pursuant to the Carnival Corporation 2011 Stock Plan and the Reporting Person's Employment Agreement. The restriction on the shares lapse on the third anniversary of the grant date. The grant was approved by the Compensation Committee as a total value to be received in the form of restricted shares. The Compensation Committee also approved that the number of shares was to be determined by dividing the value by the closing price on date of grant. Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's brokerage account. /s/ Arnold Donald 2016-01-13