Walker & Dunlop, Inc. — Director's Dealing 2016

Feb 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walker & Dunlop, Inc. (WD)
CIK: 0001497770
Period of Report: 2016-02-19

Reporting Person: Warner Richard C (EVP & Chief Credit Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-19	Deferred Stock Units	$	A	2288	Acquired		Common Stock (2288)	Indirect
2016-02-19	Restricted Stock Units	$	A	1144	Acquired		Common Stock (1144)	Indirect

Footnotes

F1: Each deferred stock unit represents the right to receive one share of common stock of Walker & Dunlop, Inc. (the "Company").

F2: The deferred stock units are fully vested and will be settled in shares of the Company's common stock either (i) on a date selected by the reporting person pursuant to the Company's Management Deferred Stock Unit Purchase Plan, as amended (the "Plan"), or (ii) as otherwise provided by the Plan.

F3: Each restricted stock unit represents the right to receive one share of common stock of the Company.

F4: The restricted stock units vest and will be settled in shares of the Company's common stock on the three-year anniversary of the grant date, subject to vesting acceleration pursuant to the Plan.