X0306 4 2016-06-29 0000104169 WAL MART STORES INC WMT 0001357855 BREWER ROSALIND G 702 S.W. 8TH STREET BENTONVILLE AR 72716-0215 1 Executive Vice President Common 2016-06-29 4 M 0 8071 48.32 A 285749 D Common 2016-06-29 4 M 0 2723 47.26 A 288472 D Common 2016-06-29 4 S 0 10794 71.65 D 277678 D Stock Option 48.32 2016-06-29 4 M 0 8071 0 D 2016-10-14 Common Stock 8071 0 D Stock Option 47.26 2016-06-29 4 M 0 2723 0 D 2017-03-11 Common Stock 2723 0 D These shares were acquired by the Reporting Person upon the exercise of stock options as reported in Table II of this Form 4. A portion of the proceeds from the sale of these shares was used to cover the exercise price and applicable tax withholding, fees, and commissions. The Reporting Person elected to receive the remainder of the proceeds of the sale of the resulting 10,794 shares in the form of cash. Therefore, there was no net increase or reduction in the Reporting Person's share ownership. These shares were acquired by the Reporting Person upon the exercise of stock options as reported in Table II of this Form 4. A portion of the proceeds from the sale of these shares was used to cover the exercise price and applicable tax withholding, fees, and commissions. The Reporting Person elected to receive the remainder of the proceeds of the sale of the resulting 10,794 shares in the form of cash. Therefore, there was no net increase or reduction in the Reporting Person's share ownership. These options became exercisable in five equal annual installments beginning on October 16, 2007. These options became exercisable in five equal annual installments beginning on March 12, 2008. /s/ Geoffrey W. Edwards, by power of attorney 2016-07-01