Walmart Inc. — Director's Dealing 2015

Apr 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2015-04-08

Reporting Person: WALTON S ROBSON (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-08	Common Stock	J	194000000	—	Disposed	1415891131	Indirect
2015-04-08	Common Stock	J	194000000	—	Acquired	194000000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3337573.28	Direct

Footnotes

F1: The reporting person is a member of Walton Enterprises, LLC ("Walton Enterprises"). The securities were contributed by Walton Enterprises to the Walton Family Holdings Trust (the "Trust"), a trust established for the benefit of the holders of the membership interests of Walton Enterprises, on April 8, 2015 (the "Transaction"). Following the Transaction, Walton Enterprises owns 1,415,891,131 shares of Common Stock. The reporting person disclaims beneficial ownership of the reported securities held by Walton Enterprises except to the extent of his pecuniary interest therein.

F2: The reporting person is a trustee of the Trust, the entity that owns 194,000,000 shares of Common Stock. The reporting person disclaims beneficial ownership of the reported securities held by the Trust except to the extent of his pecuniary interest therein.

F3: Represents shares held directly and phantom shares held through the issuer's director compensation plan.