Walmart Inc. — Director's Dealing 2014

Nov 20, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2014-11-17

Reporting Person: HOLLEY CHARLES M (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-17	Common Stock	S	25000	$83.523	Disposed	246375.721	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1418.3324	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 $83.51 to $83.55, inclusive. The
reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 ranges 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.