SEC Form 4 · accession 0001127602-16-063011
Walmart Inc. · WMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc E. Lore
Officer — Executive Vice President
Period of report
Sep 19, 2016
Accepted (ET)
Sep 21, 2016 · 9:01 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Sep 19, 2016 | A | 3,554,093 | $0.00 | A | 3,554,093 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person was granted restricted stock units (the "RSUs") providing for the issuance of 3,554,093 shares of Common Stock in connection with, and in consideration of, the Issuer's acquisition of Jet.com, Inc. and the Reporting Person becoming an employee and executive officer of the Issuer. The shares of the Common Stock underlying the RSUs will vest according to the following vesting schedule, subject to the Reporting Person's continued employment by the Issuer through each vesting date: (1) 10% on September 19, 2017; (2) 1.25% per month for the 12 months between September 19, 2017 and September 19, 2018; (3) 1.67% per month for the 12 months between September 19, 2018 and September 19, 2019; (4) 2.08% per month for the 12 months between the September 19, 2019 and September 19, 2020; and (5) 2.5%% per month for the 12 months between September 19, 2020 and September 19, 2021.