Walmart Inc. — Director's Dealing 2017

Dec 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WAL MART STORES INC (WMT)
CIK: 0000104169
Period of Report: 2017-11-29

Reporting Person: WALTON JIM C (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-29	Common Stock	S	920304	$97.556	Disposed	87720372	Indirect
2017-11-29	Common Stock	S	123418	$98.0382	Disposed	87596954	Indirect
2017-11-30	Common Stock	S	286161	$97.037	Disposed	87310793	Indirect
2017-11-30	Common Stock	S	158156	$97.9732	Disposed	87152637	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10507224	Direct
Common Stock	1415891131	Indirect

Footnotes

F1: This sale from the Walton Family Holdings Trust (the "Trust") was executed in multiple trades at prices ranging from $96.88 to $97.87, 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 Trust was executed in multiple trades at prices ranging from $97.88 to $98.24, 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 Trust was executed in multiple trades at prices ranging from $96.53 to $97.52, inclusive. The price reported above reflects the weighted average sales 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: This sale from the Trust was executed in multiple trades at prices ranging from $97.53 to $98.40, 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.

F5: The reporting person is a trustee of the Trust, the entity that owns 87,152,637 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.

F6: 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.