Walmart Inc. — Director's Dealing 2016

Jun 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2016-06-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-03	Common Stock	A	2469	—	Acquired	2927603.6382	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1415891131	Indirect
Common Stock	174563205	Indirect

Footnotes

F1: Represents annual equity grant as part of the Reporting Person's non-management director compensation. The receipt of these shares was deferred to a future date under an election previously made by the Reporting Person.

F2: Balance adjusted to reflect phantom shares acquired as dividend equivalents on deferred stock.

F3: 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.

F4: The reporting person is a trustee of the Walton Family Holdings Trust (the "Trust"), the entity that owns 174,563,205 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.