Walker & Dunlop, Inc. — Director's Dealing 2017

May 19, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walker & Dunlop, Inc. (WD)
CIK: 0001497770
Period of Report: 2017-05-18

Reporting Person: Bowers Alan J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-18	Common Stock	A	2150	$0.00	Acquired	29783	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-18	Deferred Stock Units	$	A	1612	Acquired		Common Stock (1612)	Direct

Footnotes

F1: Represents shares of common stock granted to the reporting person, which are subject to the terms of the Walker & Dunlop, Inc. 2015 Equity Incentive Plan. The shares of restricted common stock vest on the one-year anniversary of the grant date.

F2: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F3: The deferred stock units are fully vested and will be settled in shares of the Issuer's common stock either (i) on a date selected by the reporting person pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors (the "Plan"), or (ii) as otherwise provided by the Plan.