SEC Form 4 · accession 0001127602-16-068389
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 21, 2016
Accepted (ET)
Nov 23, 2016 · 6:38 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,F2 | Nov 21, 2016 | M | 75,063 | $47.96 | A | 867,199 | D | |
| Common StockF3 | Nov 21, 2016 | S | 75,063 | $69.0771 | D | 792,136 | D | |
| Common StockF4 | holding | — | — | — | 1,646 | 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 OptionsF5 | $47.96 | Nov 21, 2016 | M | 75,063 | D | — | Jan 21, 2017 | Common Stock | 75,063 | 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 21, 2017. A 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 75,063 shares in the form of cash. Therefore, there was no net increase or reduction in the Reporting Person's share ownership.
- F2Balance adjusted to reflect shares acquired through the Wal-Mart Stores, Inc. Associate Stock Purchase Plan.
- F3These 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 21, 2017. A 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 75,063 shares in the form of cash. Therefore, there was no net increase or reduction in the Reporting Person's share ownership.
- F4Balance adjusted to reflect shares acquired through the Walmart 401(k) Plan.
- F5The option is exercisable in five equal annual installments beginning on January 22, 2008.