Walker & Dunlop, Inc. — Director's Dealing 2020

Mar 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walker & Dunlop, Inc. (WD)
CIK: 0001497770
Period of Report: 2020-03-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-15	Common Stock	M	15395.368	—	Acquired	143844.368	Direct
2020-03-15	Common Stock	F	6707	$53.25	Disposed	137137.368	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-15	Deferred Stock Units	$	M	10101	Disposed		Common Stock (10101)	Direct
2020-03-15	Restricted Stock Units	$	M	5050	Disposed		Common Stock (5050)	Direct
2020-03-15	Dividend Equivalent Units	$	M	244.368	Disposed		Common Stock (244.368)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	312321	Indirect
Common Stock	4764	Indirect
Common Stock	4764	Indirect
Common Stock	4560	Indirect
Common Stock	4764	Indirect
Common Stock	4422	Indirect

Footnotes

F1: Each deferred stock unit represents the right to receive one share of common stock of the Issuer.

F2: The deferred stock units are fully vested and were settled in shares of the Issuer's common stock on March 15, 2020 pursuant to the Walker & Dunlop, Inc. Management Deferred Stock Unit Purchase Plan.

F3: Each restricted stock unit represents the right to receive one share of common stock of the Issuer.

F4: The restricted stock units were settled in shares of the Issuer's common stock on March 15, 2020.

F5: The dividend equivalent rights accrued on restricted stock units held by the reporting person and 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.