FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Allen Mark R 2. Issuer Name and Ticker or Trading Symbol FEDEX CORP [ FDX ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
EVP GENL COUNSEL/SECTY
(Last)         (First)         (Middle)
942 SOUTH SHADY GROVE ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)
10/29/2020
(Street)
MEMPHIS, TN 38120
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  10/29/2020    M    6995  A $85.255  42324  D   
Common Stock  10/29/2020    M    3570  A $96.865  45894  D   
Common Stock  10/29/2020    S    13065  D $261.04  32829  D   
Common Stock                 380 (1) I  Retirement Plan 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified Stock Option (Right to Buy)  $85.255  10/29/2020    M        6995    (2) 6/4/2022  Common Stock  6995  $0  0  D   
Non-qualified Stock Option (Right to Buy)  $96.865  10/29/2020    M        3570    (2) 6/3/2023  Common Stock  3570  $0  3570  D   

Explanation of Responses:
(1)  Ownership has been adjusted to reflect 1 share that was acquired via dividend reinvestment as a result of dividends paid to all stockholders.
(2)  These options first exercisable one year from date of grant.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Allen Mark R
942 SOUTH SHADY GROVE ROAD
MEMPHIS, TN 38120


EVP GENL COUNSEL/SECTY

Signatures
/s/ Mark R. Allen 10/29/2020
**Signature of Reporting Person Date
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