X0202 4 2008-03-21 0 0000794367 Macy's, Inc. M 0001377921 Sachse Peter R C/O MACYS.COM 1440 BROADWAY, 6TH FLOOR NEW YORK NY 10018 0 1 0 0 Pres/CMO-Macy's Corp. Mktg. Common Stock 2077 I By 401(k) Plan Options to Purchase Common Stock 24.85 2008-03-21 4 A 0 57324 0 A 2018-03-21 Common Stock 57324 57324 D Phantom Stock Units 2008-03-21 4 A 0 16345 0 A Common Stock 16345 26465 D Reflects matching contributions 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 21, 2008 by $24.85, the stock price of such date. Grant to reporting person of options to purchase 57,324 shares of common stock under the Issuer's 1995 Executive Equity Incentive Plan. The options become exercisable in 25% increments on March 21, 2009, March 21, 2010, March 21, 2011 and March 21, 2012. 1-for-1 conversion. The value of the phantom stock units will be payable in cash as follows: 50 percent on February 1, 2010 and 50 percent on January 31, 2011. /s/Christopher M. Kelly, as attorney-in-fact for Peter R. Sachse pursuant to a Power of Attorney 2008-03-25