X0306 4 2017-03-31 0000104169 WAL MART STORES INC WMT 0001353165 Penner Gregory Boyd 702 S.W. 8TH STREET BENTONVILLE AR 72716-0215 1 Common Stock 2017-03-31 4 A 0 659 0 A 43397.2379 D Common Stock 1357974 I By partnership Common Stock 30220 I By spouse Represents quarterly director compensation, which the Reporting Person elected to defer in the form of shares. The number of shares was determined using the closing price of the Issuer's common stock on the date of grant. Balance adjusted to reflect phantom shares acquired as dividend equivalents on deferred stock. /s/ Geoffrey W. Edwards, by power of attorney 2017-04-04