MACYS INC

Ticker: M CUSIP: 55616P104 Class: Common Stock

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

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

Q4 2017

Shares 153,336 Value ($000) $3,863 Avg Close $21.94 Range $17.41 - $27.07

Q3 2014

Shares 11,846 Value ($000) $689 Avg Close $59.28 Range $55.81 - $63.10

Q2 2014

Shares 225,000 Value ($000) $13,055 Avg Close $58.04 Range $54.82 - $61.26

Q4 2013

Shares 275,000 Value ($000) $14,685 Avg Close $48.46 Range $42.18 - $54.07

Q3 2013

Shares 475,304 Value ($000) $20,566 Avg Close $46.71 Range $42.68 - $50.77

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	153,336	$3,863	$21.94	$17.41 - $27.07
Q3 2014	11,846	$689	$59.28	$55.81 - $63.10
Q2 2014	225,000	$13,055	$58.04	$54.82 - $61.26
Q4 2013	275,000	$14,685	$48.46	$42.18 - $54.07
Q3 2013	475,304	$20,566	$46.71	$42.68 - $50.77