X0306 4 2015-05-15 0 0000794367 Macy's, Inc. M 0000905129 NEUBAUER JOSEPH THREE LOGAN SQUARE 1717 ARCH STREET PHILADELPHIA PA 19103 1 0 0 0 Restricted Stock Units 2015-05-15 4 A 0 2104 0 A Common Stock 2104 2104 D Each restricted stock unit represents the equivalent of one share of the Issuer's common stock. The restricted stock units vest on the earlier of one year from the grant date or the date of the Issuer's next annual meeting of shareholders. The vested shares will be automatically deferred and delivered to the reporting person six months after the reporting person's service on the Issuer's Board of Directors ends. /s/ Linda J. Balicki, as attorney-in-fact for Joseph Neubauer pursuant to a Power of Attorney 2015-05-18