Walmart Inc. — Director's Dealing 2012

May 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2012-05-21

Reporting Person: BREYER JAMES (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-21	Common Stock	M	5512	$54.43	Acquired	95747.9587	Direct
2012-05-21	Common Stock	F	4760	$63.04	Disposed	90987.9587	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-21	Stock Options	$54.43	M	5512	Disposed	2012-06-06	Common Stock (5512)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	80876	Indirect

Footnotes

F1: These shares were acquired by the Reporting Person upon exercise of a stock option as reported on the preceding line 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. The Reporting Person retained ownership of the remaining shares issued upon exercise of the option.