Walmart Inc. — Director's Dealing 2016

Dec 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2016-12-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-14	Common Stock	J	2830000	—	Disposed	149417519	Indirect
2016-12-14	Common Stock	J	1000000	—	Acquired	4342603.6382	Direct
2016-12-16	Common Stock	G	1000000	—	Disposed	3342603.6382	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1415891131	Indirect

Footnotes

F1: The transaction is a distribution of 2,830,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to certain beneficiaries of the Trust (the "Distribution").

F2: The reporting person is a trustee of the Trust, the entity that owns 149,417,519 shares of Common Stock following the Distribution. The reporting person disclaims beneficial ownership of the reported securities held by the Trust except to the extent of his pecuniary interest therein.

F3: The transaction is the receipt of 1,000,000 shares of Common Stock, for no consideration, in the Distribution.

F4: On December 16, 2016, the reporting person made a charitable gift of 1,000,000 shares of Common Stock.

F5: The reporting person is a member of Walton Enterprises, LLC, the entity that owns 1,415,891,131 shares of Common Stock. The reporting person disclaims beneficial ownership of the reported securities held by such LLC except to the extent of his pecuniary interest therein.