Walmart Inc. — Director's Dealing 2015

Nov 26, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2015-11-24

Reporting Person: McMillon C Douglas (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-24	Common Stock	M	15660	$60.1585	Acquired	688220.058	Direct
2015-11-24	Common Stock	D	15660	$60.1585	Disposed	672560.058	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-24	Stock Option	$45.69	M	15660	Disposed	2016-01-04	Common Stock (15660)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1598.6333	Indirect
Common Stock	5194	Indirect
Common	75954	Indirect
Common	75374	Indirect
Common	1741	Indirect

Footnotes

F1: These shares were acquired by the Reporting Person upon the exercise of stock options as reported in Table II of this Form 4. The expiration date for such options was January 4, 2016. A significant portion of the proceeds from the sale of these shares was used to cover the exercise price and applicable tax withholding, fees, and commissions. The Reporting Person elected to receive the remainder of the proceeds of the sale of the 15,660 shares in the form of cash. Therefore, there was no net increase or reduction in the Reporting Person's share ownership.

F2: These shares were acquired by the Reporting Person upon the exercise of stock options as reported in Table II of this Form 4. The expiration date for such options was January 4, 2016. A significant portion of the proceeds from the sale of these shares was used to cover the exercise price and applicable tax withholding, fees, and commissions. The Reporting Person elected to receive the remainder of the proceeds of the sale of the 15,660 shares in the form of cash. Therefore, there was no net increase or reduction in the Reporting Person's share ownership.

F3: Balance adjusted to reflect shares acquired through the Wal-Mart Stores, Inc. 2004 Associate Stock Purchase Plan.

F4: Balance adjusted to reflect shares acquired through the Walmart 401(k) Plan.

F5: The options became exercisable in five equal annual installments beginning on January 5, 2007.