X0303 4 2011-01-31 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 Chief Marketing Officer Common Stock 2011-01-31 4 M 0 13232.95 A 13232.95 D Common Stock 2011-01-31 4 D 0 13232.95 23.71 D 0 D Common Stock 2329 I By 401(k) Plan Common Stock 6214 I By Wife Phantom Stock Units 2011-01-31 4 M 0 13232.95 D 2011-01-31 2011-01-31 Common Stock 13232.95 0 D Each phantom stock unit was the equivalent of one share of the Issuer's common stock. In connection with this transaction, the reporting person also acquired 837.55 stock credits resulting from a dividend reinvestment feature of the stock credit plan. Those share were settled in cash at the same $23.71 per share price, or $19,858.31. The price is based on the average closing price, as reported on the New York Stock Exchange, for the 20 business days preceding the payment date. 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 January 28, 2011 by $22.99, the stock price of such date. /s/ Linda J. Balicki, as attorney-in-fact for Peter R. Sachse pursuant to a Power of Attorney 2011-02-01