MACYS INC

Ticker: M CUSIP: 55616P104 Class: Common Stock

Nicholas Investment Partners, LP's Holding History (CIK: 0001389574)

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

Q4 2014

Shares 120,570 Value ($000) $7,927 Avg Close $60.49 Range $54.84 - $66.59

Q3 2014

Shares 90,448 Value ($000) $5,262 Avg Close $59.28 Range $55.81 - $63.10

Q2 2014

Shares 61,051 Value ($000) $3,542 Avg Close $58.04 Range $54.82 - $61.26

Q1 2014

Shares 60,990 Value ($000) $3,616 Avg Close $55.60 Range $50.05 - $59.95

Q4 2013

Shares 53,261 Value ($000) $2,844 Avg Close $48.46 Range $42.18 - $54.07

Q3 2013

Shares 41,520 Value ($000) $1,797 Avg Close $46.71 Range $42.68 - $50.77

Q2 2013

Shares 65,800 Value ($000) $3,158 Avg Close $46.44 Range $41.51 - $50.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	120,570	$7,927	$60.49	$54.84 - $66.59
Q3 2014	90,448	$5,262	$59.28	$55.81 - $63.10
Q2 2014	61,051	$3,542	$58.04	$54.82 - $61.26
Q1 2014	60,990	$3,616	$55.60	$50.05 - $59.95
Q4 2013	53,261	$2,844	$48.46	$42.18 - $54.07
Q3 2013	41,520	$1,797	$46.71	$42.68 - $50.77
Q2 2013	65,800	$3,158	$46.44	$41.51 - $50.00