Walmart Inc. — Director's Dealing 2012

Nov 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2012-11-19

Reporting Person: DUKE MICHAEL T (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-19	Common Stock	M	110335	$51.92	Acquired	1165661.6454	Direct
2012-11-19	Common Stock	M	250000	$48.07	Acquired	1415661.6454	Direct
2012-11-19	Common Stock	F	301965	$69.02	Disposed	1113696.6454	Direct
2012-11-21	Common Stock	G	27300	—	Acquired	27300	Indirect
2012-11-21	Common Stock	G	27300	—	Disposed	1086396.6454	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-19	Stock Options	$51.92	M	110335	Disposed	2013-01-08	Common Stock (110335)	Direct
2012-11-19	Stock Options	$48.07	M	250000	Disposed	2013-02-02	Common Stock (250000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1254.8426	Indirect
Common Stock	25754	Indirect

Footnotes

F1: These shares were acquired by the Reporting Person upon the exercise of stock options as reported on the preceding two lines of this Form 4 but were withheld by the Issuer in satisfaction of the Reporting Person's obligation to pay the exercise price of the option and related tax withholding obligations. The Reporting Person retained ownership of the remaining shares issued upon the exercise of the stock options.

F2: On November 21, 2012, the Reporting Person transferred 27,300 shares into a family trust of which the Reporting Person's wife is the sole trustee.

F3: These options became exercisable in five equal annual installments beginning January 9, 2004.

F4: These options became exercisable in five equal annual installments beginning February 3, 2006.