Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	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 * Cunningham David L Jr	2. Date of Event Requiring Statement (MM/DD/YYYY) 2/1/2017	3. Issuer Name and Ticker or Trading Symbol FEDEX CORP [FDX]
(Last)        (First)        (Middle) 3610 HACKS CROSS ROAD, BUILDING A, 3RD FLOOR	4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                            _____ 10% Owner ___ X ___ Officer (give title below)          _____ Other (specify below) President / CEO FedEx Express /
(Street) MEMPHIS, TN 38125        (City)              (State)              (Zip)	5. 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 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	22178	D
Common Stock	194	I	Retirement Plan

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Stock Option (Right to Buy)	(1)	6/2/2018	Common Stock	1101	$90.81	D
Non-qualified Stock Option (Right to Buy)	(1)	6/2/2018	Common Stock	11499	$90.81	D
Non-qualified Stock Option (Right to Buy)	(1)	1/11/2020	Common Stock	3000	$86.845	D
Non-qualified Stock Option (Right to Buy)	(1)	6/7/2020	Common Stock	12065	$78.19	D
Non-qualified Stock Option (Right to Buy)	(1)	6/6/2021	Common Stock	11150	$89.105	D
Non-qualified Stock Option (Right to Buy)	(1)	6/4/2022	Common Stock	12580	$85.255	D
Non-qualified Stock Option (Right to Buy)	(1)	6/3/2023	Common Stock	12805	$96.865	D
Non-qualified Stock Option (Right to Buy)	(1)	6/9/2024	Common Stock	10025	$143.545	D
Non-qualified Stock Option (Right to Buy)	(1)	6/8/2025	Common Stock	11155	$180.82	D
Non-qualified Stock Option (Right to Buy)	(1)	6/6/2026	Common Stock	13225	$162.82	D

Explanation of Responses:
( 1)	These options first exercisable one year from date of grant.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Cunningham David L Jr 3610 HACKS CROSS ROAD BUILDING A, 3RD FLOOR MEMPHIS, TN 38125			President / CEO FedEx Express

Signatures
/s/ David L. Cunningham Jr.		2/1/2017
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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