MACYS INC

Ticker: M CUSIP: 55616P104 Class: Common Stock

AXON CAPITAL LP's Holding History (CIK: 0001508755)

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

Q3 2014

Shares 2,003,586 Value ($000) $116,569 Avg Close $59.28 Range $55.81 - $63.10

Q2 2014

Shares 2,743,186 Value ($000) $159,160 Avg Close $58.04 Range $54.82 - $61.26

Q1 2014

Shares 3,099,321 Value ($000) $183,759 Avg Close $55.60 Range $50.05 - $59.95

Q4 2013

Shares 3,162,317 Value ($000) $168,868 Avg Close $48.46 Range $42.18 - $54.07

Q3 2013

Shares 1,624,452 Value ($000) $70,290 Avg Close $46.71 Range $42.68 - $50.77

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	2,003,586	$116,569	$59.28	$55.81 - $63.10
Q2 2014	2,743,186	$159,160	$58.04	$54.82 - $61.26
Q1 2014	3,099,321	$183,759	$55.60	$50.05 - $59.95
Q4 2013	3,162,317	$168,868	$48.46	$42.18 - $54.07
Q3 2013	1,624,452	$70,290	$46.71	$42.68 - $50.77