Walker & Dunlop, Inc. — Director's Dealing 2018

Jun 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walker & Dunlop, Inc. (WD)
CIK: 0001497770
Period of Report: 2018-05-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-30	Common Stock	M	2126	$12.52	Acquired	72521	Direct
2018-05-30	Common Stock	M	3238	$13.05	Acquired	75759	Direct
2018-05-30	Common Stock	M	4078	$18.03	Acquired	79837	Direct
2018-05-30	Common Stock	S	9573	$57.1377	Disposed	70264	Direct
2018-05-30	Common Stock	S	1745	$57.5570	Disposed	68519	Direct
2018-05-31	Common Stock	M	2124	$12.52	Acquired	70643	Direct
2018-05-31	Common Stock	M	3238	$13.05	Acquired	73881	Direct
2018-05-31	Common Stock	M	4078	$18.03	Acquired	77959	Direct
2018-06-01	Common Stock	S	10814	$56.3519	Disposed	67145	Direct
2018-06-01	Common Stock	S	500	$57.1100	Disposed	66645	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-30	Stock Options (right to buy)	$12.52	M	2126	Disposed	2021-03-24	Common Stock (2126)	Direct
2018-05-30	Stock Options (right to buy)	$13.05	M	3238	Disposed	2022-04-30	Common Stock (3238)	Direct
2018-05-30	Stock Options (right to buy)	$18.03	M	4078	Disposed	2023-04-01	Common Stock (4078)	Direct
2018-05-31	Stock Options (right to buy)	$12.52	M	2124	Disposed	2021-03-24	Common Stock (2124)	Direct
2018-05-31	Stock Options (right to buy)	$13.05	M	3238	Disposed	2022-04-30	Common Stock (3238)	Direct
2018-05-31	Stock Options (right to buy)	$18.03	M	4078	Disposed	2023-04-01	Common Stock (4078)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21490	Indirect

Footnotes

F1: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 25, 2018.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.48 to $57.48. The reporting person undertakes to provide Walker & Dunlop, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.49 to $57.61. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.95 to $56.93. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.99 to $57.19. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.