Christine P Richards Form 4 FEDEX / CHRISTINE P RICHARDS ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

RICHARDS CHRISTINE P

(Last) (First) (Middle)

942 SOUTH SHADY GROVE ROAD

(Street)

MEMPHIS TN 38120

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FEDEX CORP [ FDX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP GENL COUNSEL/SECTY

3. Date of Earliest Transaction (Month/Day/Year)
10/10/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/10/2016		M		1,101	A	$90.81	98,620	D
Common Stock	10/10/2016		M		22,999	A	$90.81	121,619	D
Common Stock	10/10/2016		M		8,645	A	$56.31	130,264	D
Common Stock	10/10/2016		M		23,100	A	$78.19	153,364	D
Common Stock	10/10/2016		M		24,235	A	$85.255	177,599	D
Common Stock	10/10/2016		S		80,080	D	$173.5923(1)	97,519(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Stock Option (Right to Buy)	$90.81	10/10/2016		M			1,101	(3)	06/02/2018	Common Stock	1,101	$0	0	D
Non-qualified Stock Option (Right to Buy)	$90.81	10/10/2016		M			22,999	(3)	06/02/2018	Common Stock	22,999	$0	0	D
Non-qualified Stock Option (Right to Buy)	$56.31	10/10/2016		M			8,645	(3)	06/08/2019	Common Stock	8,645	$0	0	D
Non-qualified Stock Option (Right to Buy)	$78.19	10/10/2016		M			23,100	(3)	06/07/2020	Common Stock	23,100	$0	0	D
Non-qualified Stock Option (Right to Buy)	$85.255	10/10/2016		M			24,235	(3)	06/04/2022	Common Stock	24,235	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.50 to $174.11, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder of FedEx Corporation or the staff of the Securities and Exchange Commission, upon receipt, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

2. Ownership has been adjusted to reflect dividend paid to all holders of record.

3. These options first exercisable one year from date of grant.

	/s/Christine P. Richards	10/11/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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