Walmart Inc. — Director's Dealing 2017

Dec 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2017-12-13

Reporting Person: WALTON ALICE L (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-13	Common Stock	J	400000	—	Disposed	81002271	Indirect
2017-12-13	Common Stock	J	200000	—	Acquired	6948580	Direct
2017-12-15	Common Stock	G	200000	—	Disposed	6748580	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1415891131	Indirect

Footnotes

F1: The transaction is a distribution of 400,000 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 81,002,271 shares of Common Stock following the Distribution. The reporting person disclaims beneficial ownership of the reported securities held by such Trust except to the extent of her pecuniary interest therein.

F3: The transaction is the receipt of 200,000 shares of Common Stock, for no consideration, in the Distribution.

F4: On December 15, 2017, the reporting person made a charitable gift of 200,000 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 her pecuniary interest therein.