Walmart Inc. — Director's Dealing 2016

Sep 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2016-09-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-08	Common Stock	S	1302166	$71.9672	Disposed	161661039	Indirect
2016-09-09	Common Stock	S	795134	$70.5686	Disposed	160865905	Indirect
2016-09-09	Common Stock	S	2700	$71.3859	Disposed	160863205	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1987603.6382	Direct
Common Stock	1415891131	Indirect

Footnotes

F1: This sale from the Walton Family Holdings Trust was executed in multiple trades at prices ranging from $71.71 to $72.315, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

F2: This sale from the Walton Family Holdings Trust was executed in multiple trades at prices ranging from $70.35 to $71.34, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

F3: This sale from the Walton Family Holdings Trust was executed in multiple trades at prices ranging from $71.35 to $71.42, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.

F4: The reporting person is a co-trustee of the Walton Family Holdings Trust, the entity that owns 160,863,205 shares of Common Stock. The reporting person disclaims beneficial ownership of the reported securities held by such Trust except to the extent of his pecuniary interest therein.

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.