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

Feb 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walker & Dunlop, Inc. (WD)
CIK: 0001497770
Period of Report: 2018-02-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-14	Common Stock	A	9887	—	Acquired	140805	Direct
2018-02-15	Common Stock	F	7080	$51.42	Disposed	133725	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-14	Deferred Stock Units	$	A	4943	Acquired		Common Stock (4943)	Direct
2018-02-14	Restricted Stock Units	$	A	2471	Acquired		Common Stock (2471)	Direct

Footnotes

F1: The restricted stock vests in three equal annual installments beginning on February 15, 2019.

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 Management Deferred Stock Unit Purchase Plan, as amended (the "Plan"), or (ii) as otherwise provided by the Plan.

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

F5: The restricted stock units will be settled in shares of the Issuer's common stock on March 15 in the third calendar year following the grant date, subject to vesting acceleration pursuant to the Plan.