Walmart Inc. — Director's Dealing 2016

Mar 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2016-03-02

Reporting Person: Gearhart Jeffrey J (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-02	Common Stock	A	12399	$66.46	Acquired	113465.418	Direct
2016-03-02	Common Stock	F	4763	$66.46	Disposed	108702.418	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1080.7663	Indirect

Footnotes

F1: Represents the vesting of performance share units for the three-year period ending January 31, 2016, as certified by the Compensation, Nominating and Governance Committee on March 2, 2016.

F2: Balance adjusted to reflect shares acquired through the Wal-Mart Stores, Inc. 2004 Associate Stock Purchase Plan.

F3: Represents shares withheld to satisfy tax withholding obligations upon the vesting of performance share units.