Walmart Inc. — Director's Dealing 2008

Jan 17, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2008-01-14

Reporting Person: Scott H Lee Jr (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-14	Common Stock	M	52699	$19.9688	Acquired	1183521.997	Direct
2008-01-14	Common Stock	F	33741	$47.67	Disposed	1149780.997	Direct
2008-01-14	Common Stock	F	8646	$47.67	Disposed	1141134.997	Direct
2008-01-14	Common Stock	M	12877	$19.9688	Acquired	1154011.997	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-14	Stock Options	$19.9688	M	52699	Disposed	2008-01-14	Common Stock (52699)	Direct
2008-01-14	Stock Options	$19.9688	M	12877	Disposed	2008-07-31	Common Stock (12877)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25952.9772	Indirect
Common Stock	3148	Indirect

Footnotes

F1: Includes shares that were withheld to pay taxes upon the exercise of stock options, and shares that were delivered to pay the option exercise price.

F2: The option was exercisable in seven equal annual installments beginning on January 15, 1999.

F3: The option was exercisable in seven equal annual installments beginning on August 1, 1999.