X0306 4 2017-06-22 0000104169 WAL MART STORES INC WMT 0001219106 WALTON JIM C P.O. BOX 1860 BENTONVILLE AR 72712 1 Common Stock 2017-06-22 4 J 0 200000 0 D 113840144 I By Trust Common Stock 10507224 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 a beneficiary of the Trust. 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 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