Walmart Inc. — Director's Dealing 2014

Nov 19, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2014-11-14

Reporting Person: DUKE MICHAEL T (Director, Chairman of Exec. Committee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-14	Common Stock	M	74013	$53.35	Acquired	1348855.5904	Direct
2014-11-14	Common Stock	S	60681	$82.5245	Disposed	1288174.5904	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-11-14	Stock Option	$53.35	M	74013	Disposed	2015-01-02	Common Stock (74013)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1325.4094	Indirect
Common Stock	2600	Indirect
Common Stock	50400	Indirect
Common Stock	27300	Indirect

Footnotes

F1: Shares were sold only to cover the exercise price and required tax withholding upon exercise of options. The Reporting Person retained ownership of the net shares.

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