Walmart Inc. — Director's Dealing 2014

Nov 22, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2014-11-19

Reporting Person: Chambers Mary Susan (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-19	Common Stock	M	12756	$53.01	Acquired	222993.1	Direct
2014-11-19	Common Stock	M	6578	$45.15	Acquired	229571.1	Direct
2014-11-19	Common Stock	M	4429	$45.77	Acquired	234000.1	Direct
2014-11-19	Common Stock	S	23763	$85.4601	Disposed	210237.1	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-19	Stock Options	$53.01	M	12756	Disposed	2015-01-20	Common Stock (12756)	Direct
2014-11-19	Stock Options	$45.15	M	6578	Disposed	2016-02-28	Common Stock (6578)	Direct
2014-11-19	Stock Options	$45.77	M	4429	Disposed	2016-04-04	Common Stock (4429)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	501.5929	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.45 to $85.50, inclusive. The Reporting Person undertakes to provide to Wal-Mart Stores, Inc., any security holder of Wal-Mart Stores, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

F2: Balance adjusted to reflect shares acquired through the Wal-Mart Stores, Inc. 2004 Associate Stock Purchase Plan.

F3: Balance adjusted to reflect shares acquired through the Walmart 401(k) Plan.

F4: The option is exercisable in five equal annual installments beginning on January 21, 2006.

F5: The option is exercisable in five equal annual installments beginning on March 1, 2007.

F6: The option is exercisable in five equal annual installments beginning on April 5, 2007.