MACYS INC

Ticker: M CUSIP: 55616P104 Class: Common Stock

FACTORY MUTUAL INSURANCE CO's Holding History (CIK: 0000887818)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 470,000 Value ($000) $20,722 Avg Close $41.33 Range $34.33 - $45.50

Q4 2015

Shares 614,600 Value ($000) $21,499 Avg Close $43.33 Range $34.05 - $52.48

Q3 2015

Shares 529,600 Value ($000) $27,179 Avg Close $62.72 Range $49.72 - $73.61

Q2 2015

Shares 614,600 Value ($000) $41,467 Avg Close $67.58 Range $62.80 - $71.10

Q1 2015

Shares 814,600 Value ($000) $52,874 Avg Close $64.35 Range $61.10 - $68.30

Q4 2014

Shares 814,600 Value ($000) $53,560 Avg Close $60.49 Range $54.84 - $66.59

Q3 2014

Shares 941,300 Value ($000) $54,765 Avg Close $59.28 Range $55.81 - $63.10

Q2 2014

Shares 948,000 Value ($000) $55,003 Avg Close $58.04 Range $54.82 - $61.26

Q1 2014

Shares 923,000 Value ($000) $54,725 Avg Close $55.60 Range $50.05 - $59.95

Q4 2013

Shares 1,150,000 Value ($000) $61,410 Avg Close $48.46 Range $42.18 - $54.07

Q3 2013

Shares 1,130,000 Value ($000) $48,895 Avg Close $46.71 Range $42.68 - $50.77

Q2 2013

Shares 920,000 Value ($000) $44,160 Avg Close $46.44 Range $41.51 - $50.00

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	470,000	$20,722	$41.33	$34.33 - $45.50
Q4 2015	614,600	$21,499	$43.33	$34.05 - $52.48
Q3 2015	529,600	$27,179	$62.72	$49.72 - $73.61
Q2 2015	614,600	$41,467	$67.58	$62.80 - $71.10
Q1 2015	814,600	$52,874	$64.35	$61.10 - $68.30
Q4 2014	814,600	$53,560	$60.49	$54.84 - $66.59
Q3 2014	941,300	$54,765	$59.28	$55.81 - $63.10
Q2 2014	948,000	$55,003	$58.04	$54.82 - $61.26
Q1 2014	923,000	$54,725	$55.60	$50.05 - $59.95
Q4 2013	1,150,000	$61,410	$48.46	$42.18 - $54.07
Q3 2013	1,130,000	$48,895	$46.71	$42.68 - $50.77
Q2 2013	920,000	$44,160	$46.44	$41.51 - $50.00