Walmart Inc. — Director's Dealing 2016

Sep 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2016-09-16

Reporting Person: WALTON ALICE L (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-16	Common Stock	J	8615686	—	Disposed	152247519	Indirect
2016-09-16	Common Stock	J	2860000	—	Acquired	9608580	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1415891131	Indirect

Footnotes

F1: The transaction is a distribution of 8,615,686 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 152,247,519 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 her pecuniary interest therein.

F3: The transaction is the receipt of 2,860,000 shares of Common Stock, for no consideration, in the Distribution.

F4: 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 her pecuniary interest therein.