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

Mar 19, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walker & Dunlop, Inc. (WD)
CIK: 0001497770
Period of Report: 2018-03-15

Reporting Person: Lucas Richard M (EVP & Gen Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-15	Common Stock	M	17970	—	Acquired	141695	Direct
2018-03-15	Common Stock	F	7825	$53.50	Disposed	133870	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-15	Deferred Stock Units	$	M	11961	Disposed		Common Stock (11961)	Direct
2018-03-15	Restricted Stock Units	$	M	5980	Disposed		Common Stock (5980)	Direct
2018-03-15	Dividend Equivalent Rights	$	M	29.0517	Disposed		Common Stock (29.0517)	Direct

Footnotes

F1: The Reporting Person received cash in lieu of delivery of fractional shares upon vesting of the dividend equivalent rights.

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 were settled in shares of the Issuer's common stock on March 15, 2018 pursuant to the Walker & Dunlop, Inc., Management Deferred Stock Unit Purchase Plan.

F4: Each restricted stock unit represents the right to receive one share of common stock of the Issuer.

F5: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2018.

F6: The dividend equivalent rights accrued on restricted stock units held by the Reporting Person and will vest proportionately with the restricted stock units to which they relate. Each dividend equivalent right is the economic equivalent of one share of common stock of the Issuer.