Walker & Dunlop, Inc. — Director's Dealing 2019

Mar 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walker & Dunlop, Inc. (WD)
CIK: 0001497770
Period of Report: 2019-03-15

Reporting Person: Smith Howard W III (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-15	Common Stock	M	33228	—	Acquired	146322	Direct
2019-03-15	Common Stock	F	14471	$52.52	Disposed	131851	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-15	Deferred Stock Units	$	M	21967	Disposed		Common Stock (21967)	Direct
2019-03-15	Restricted Stock Units	$	M	10983	Disposed		Common Stock (10983)	Direct
2019-03-15	Dividend Equivalent Rights	$	M	278.3645	Disposed		Common Stock (278.3645)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	388497	Indirect
Common Stock	4764	Indirect
Common Stock	4764	Indirect
Common Stock	4560	Indirect
Common Stock	4764	Indirect
Common Stock	4422	Indirect

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, 2019 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, 2019.

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.