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: DUKE MICHAEL T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-24	Common Stock	M	118188	$60.0881	Acquired	575029.4654	Direct
2015-11-24	Common Stock	D	101802	$60.0881	Disposed	473227.4654	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-24	Stock Option	$45.69	M	118188	Disposed	2016-01-04	Common Stock (118188)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	400000	Indirect
Common Stock	2600	Indirect
Common Stock	50400	Indirect
Common Stock	27300	Indirect

Footnotes

F1: These shares were acquired by the Reporting Person upon the exercise of the stock options reported in Table II of this Form 4. The expiration for such options was January 4, 2016. Of the resulting shares, 101,802 shares were sold to cover the exercise price and applicable withholding taxes, fees, and commissions. The remaining 16,386 shares were delivered to the Reporting Person.

F2: These shares were acquired by the Reporting Person upon the exercise of the stock options reported in Table II of this Form 4. The expiration for such options was January 4, 2016. Of the resulting shares, 101,802 shares were sold to cover the exercise price and applicable withholding taxes, fees, and commissions. The remaining 16,386 shares were delivered to the Reporting Person.

F3: Balance adjusted to reflect the distribution to the Reporting Person of all shares previsouly held in the Walmart 401(k) plan upon the Reporting Person's retirement.

F4: These options became exercisable in five equal annual installments beginning on January 5, 2007.