X0206 3 2015-02-01 0 0000794367 Macy's, Inc. M 0001633247 BAXTER TIMOTHY G C/O MACY'S, INC. 7 WEST SEVENTH STREET CINCINNATI OH 45202 0 1 0 0 Chief Merchandising Officer Common Stock 534 D Common Stock 2578 I By 401(k) Plan Option to Purchase Common Stock 23.43 2021-03-25 Common Stock 750 D Option to Purchase Common Stock 39.84 2022-03-23 Common Stock 3000 D Option to Purchase Common Stock 41.67 2023-03-19 Common Stock 5625 D Option to Purchase Common Stock 58.92 2024-03-28 Common Stock 7500 D Restricted Stock Units Common Stock 2510 D Restricted Stock Units Common Stock 4799 D Restricted Stock Units Common Stock 4243 D 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 6, 2015 by $63.73, the stock price of such date. Options become exercisable as follows: 750 on March 25, 2015. Options become exercisable as follows: 1,500 on March 23, 2015 and 1,500 on March 23, 2016. Options become exercisable as follows: 1,875 on March 19, 2015; 1,875 on March 19, 2016 and 1,875 on March 19, 2017. Options become exercisable as follows: 1,875 on March 28, 2015; 1,875 on March 28, 2016; 1,875 on March 28, 2017 and 1,875 on March 28, 2018. The restricted stock units vest on March 23, 2015. Each restricted stock unit represents a contingent right to receive one share of Macy's common stock. The restricted stock units vest on March 19, 2016. The restricted stock units vest on March 28, 2017. /s/ Linda J. Balicki, as attorney-in-fact for Timothy Baxter pursuant to a Power of Attorney 2015-02-10