X0306 4 2017-06-22 0000104169 WAL MART STORES INC WMT 0001219112 WALTON S ROBSON 702 S.W. 8TH STREET BENTONVILLE AR 72716-0215 1 1 Common Stock 2017-06-22 4 J 0 200000 0 D 113840144 I By Trust Common Stock 2017-06-22 4 J 0 200000 0 A 3544955.8956 D Common Stock 2017-06-23 5 G 0 E 200000 0 D 3344955.8956 D Common Stock 1415891131 I By Limited Liability Company The transaction is a distribution of 200,000 shares of Common Stock, for no consideration, by the Walton Family Holdings Trust (the "Trust") to the reporting person (the "Distribution"). The reporting person is a trustee of the Trust, the entity that owns 113,840,144 shares of Common Stock following the Distribution. The reporting person disclaims beneficial ownership of the reported securities held by the Trust except to the extent of his pecuniary interest therein. The transaction is the receipt of 200,000 shares of Common Stock, for no consideration, in the Distribution. On June 23, 2017, the reporting person made a charitable gift of 200,000 shares of Common 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. /s/ Jennifer F. Rudolph, by power of attorney 2017-06-23