Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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3235-0104

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Harper John T.

2. Date of Event Requiring Statement (Month/Day/Year)
01/31/2020

3. Issuer Name and Ticker or Trading Symbol
Macy's, Inc. [M]

(Last)

(First)

(Middle)

7 WEST SEVENTH STREET

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Chief Operations Officer

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

(Street)

CINCINNATI, OH 45202

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	12,310	D
Common Stock	23,090.0533	I	By 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options to Purchase Common Stock	⁽¹⁾	03/23/2022	Common Stock	6,137	$ 39.84	D
Options to Purchase Common Stock	⁽²⁾	03/19/2023	Common Stock	12,345	$ 41.67	D
Options to Purchase Common Stock	⁽³⁾	03/28/2024	Common Stock	15,731	$ 58.92	D
Options to Purchase Common Stock	⁽⁴⁾	03/27/2025	Common Stock	15,399	$ 63.65	D
Options to Purchase Common Stock	⁽⁵⁾	03/23/2026	Common Stock	25,974	$ 43.42	D
Options to Purchase Common Stock	⁽⁶⁾	03/24/2027	Common Stock	48,854	$ 28.17	D
Options to Purchase Common Stock	⁽⁷⁾	03/23/2028	Common Stock	30,581	$ 27.21	D
Options to Purchase Common Stock	⁽⁸⁾	03/21/2029	Common Stock	38,910	$ 24.03	D
Restricted Stock Units	⁽⁹⁾	⁽⁹⁾	Common Stock	5,513	$ ⁽¹⁰⁾	D
Restricted Stock Units	⁽¹¹⁾	⁽¹¹⁾	Common Stock	27,563	$ ⁽¹⁰⁾	D
Restricted Stock Units	⁽¹²⁾	⁽¹²⁾	Common Stock	8,322	$ ⁽¹⁰⁾	D

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Harper John T. 7 WEST SEVENTH STREET CINCINNATI, OH 45202			Chief Operations Officer

Signatures

/s/ Steven R. Watts, as attorney-in-fact for John T. Harper pursuant to a Power of Attorney		02/07/2020
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	Options became exercisable as follows: 6,137 on March 23, 2016.
(2)	Options became exercisable as follows: 6,173 on March 19, 2016; 6,172 on March 19, 2017.
(3)	Options became exercisable as follows: 3,933 on March 28, 2015; 3,933 on March 28, 2016; 3,933 on March 28, 2017; 3,932 on March 28, 2018.
(4)	Options became exercisable as follows: 3,850 on March 27, 2016; 3,850 on March 27, 2017; 3,850 on March 27, 2018; 3,849 on March 27, 2019.
(5)	Options became exercisable as follows: 6,494 on March 23, 2017; 6,494 on March 23, 2018; 6,493 on March 23, 2019; 6,493 on March 23, 2020.
(6)	Options became exercisable as follows: 12,214 on March 24, 2018; 12,214 on March 24, 2019; 12,213 on March 24, 2020; 12,213 on March 24, 2021.
(7)	Options became exercisable as follows: 7,646 on March 23, 2019; 7,645 on March 23, 2020; 7,645 on March 23, 2021; 7,645 on March 23, 2022.
(8)	Options become exercisable as follows: 9,728 on March 21, 2020; 9,728 on March 21, 2021; 9,727 on March 21, 2022; 9,727 on March 21, 2023.
(9)	The restricted stock units vest in one-third annual installments beginning March 23, 2020.
(10)	Each restricted stock unit represents a contingent right to receive one share of Macy's Common Stock.
(11)	The restricted stock units vest in one-half annual installments beginning March 23, 2020.
(12)	The restricted stock units vest in one-fourth annual installments beginning March 21, 2020.
Remarks: Exhibit List: Exhibit 24 - Power of Attorney

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