WALMART INC

Ticker: WMT CUSIP: 931142103 Class: Common Stock

ARIEL INVESTMENTS, LLC's Holding History (CIK: 0000936753)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 234,168 Value ($000) $14,354 Avg Close $16.63 Range $15.51 - $18.72

Q3 2015

Shares 234,213 Value ($000) $15,186 Avg Close $18.91 Range $16.94 - $20.30

Q2 2015

Shares 200,401 Value ($000) $14,214 Avg Close $20.88 Range $19.37 - $22.37

Q1 2015

Shares 162,937 Value ($000) $13,402 Avg Close $23.04 Range $21.90 - $24.59

Q4 2014

Shares 138,311 Value ($000) $11,878 Avg Close $21.83 Range $19.52 - $23.68

Q3 2014

Shares 168,550 Value ($000) $12,889 Avg Close $20.31 Range $19.43 - $20.89

Q2 2014

Shares 165,321 Value ($000) $12,411 Avg Close $20.53 Range $19.94 - $21.23

Q1 2014

Shares 84,904 Value ($000) $6,489 Avg Close $19.90 Range $19.06 - $20.96

Q4 2013

Shares 84,882 Value ($000) $6,679 Avg Close $20.35 Range $18.75 - $21.46

Q3 2013

Shares 16,088 Value ($000) $1,190 Avg Close $19.78 Range $18.93 - $20.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	234,168	$14,354	$16.63	$15.51 - $18.72
Q3 2015	234,213	$15,186	$18.91	$16.94 - $20.30
Q2 2015	200,401	$14,214	$20.88	$19.37 - $22.37
Q1 2015	162,937	$13,402	$23.04	$21.90 - $24.59
Q4 2014	138,311	$11,878	$21.83	$19.52 - $23.68
Q3 2014	168,550	$12,889	$20.31	$19.43 - $20.89
Q2 2014	165,321	$12,411	$20.53	$19.94 - $21.23
Q1 2014	84,904	$6,489	$19.90	$19.06 - $20.96
Q4 2013	84,882	$6,679	$20.35	$18.75 - $21.46
Q3 2013	16,088	$1,190	$19.78	$18.93 - $20.59