SEC Form 4 · accession 0001127602-15-032609
Walmart Inc. · WMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C Douglas McMillon
Officer — President and CEO · Director
Period of report
Nov 24, 2015
Accepted (ET)
Nov 25, 2015 · 7:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000104169
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 24, 2015 | M | 15,660 | $60.1585 | A | 688,220 | D | |
| Common StockF2,F3 | Nov 24, 2015 | D | 15,660 | $60.1585 | D | 672,560 | D | |
| Common StockF4 | holding | — | — | — | 1,599 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 5,194 | I | By Wife as UGMA Custodian for Children | |
| Common | holding | — | — | — | 75,954 | I | By Trust for Children | |
| Common | holding | — | — | — | 75,374 | I | By Wife's Trust for Children | |
| Common | holding | — | — | — | 1,741 | I | By Trust for Wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF5 | $45.69 | Nov 24, 2015 | M | 15,660 | D | — | Jan 4, 2016 | Common Stock | 15,660 | 0 | D |
Explanation of responses
- F1These shares were acquired by the Reporting Person upon the exercise of stock options as reported in Table II of this Form 4. The expiration date for such options was January 4, 2016. A significant 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 15,660 shares in the form of cash. Therefore, there was no net increase or reduction in the Reporting Person's share ownership.
- F2These shares were acquired by the Reporting Person upon the exercise of stock options as reported in Table II of this Form 4. The expiration date for such options was January 4, 2016. A significant 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 15,660 shares in the form of cash. Therefore, there was no net increase or reduction in the Reporting Person's share ownership.
- F3Balance adjusted to reflect shares acquired through the Wal-Mart Stores, Inc. 2004 Associate Stock Purchase Plan.
- F4Balance adjusted to reflect shares acquired through the Walmart 401(k) Plan.
- F5The options became exercisable in five equal annual installments beginning on January 5, 2007.