X0306 4 2016-06-03 0000104169 WAL MART STORES INC WMT 0001219112 WALTON S ROBSON 702 S.W. 8TH STREET BENTONVILLE AR 72716-0215 1 1 Common Stock 2016-06-03 4 A 0 2469 0 A 2927603.6382 D Common Stock 1415891131 I By Limited Liability Company Common Stock 174563205 I By Trust 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. Balance adjusted to reflect phantom shares acquired as dividend equivalents on deferred stock. 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. 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. /s/ Geoffrey W. Edwards, by power of attorney 2016-06-07