SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on February 6, 2001
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the
Securities Exchange Act of 1934
(Amendment
No. 20)*
WAL-MART
STORES, INC.
(Name
of
Issuer)
Common
Stock
(Title
of
Class of Securities)
931142-10-3
(CUSIP
Number)
Check
the
following box if a fee is being paid with this statement ______. (A fee is
not
required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*The
remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities,
and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed
to
be “filed”
for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act (however, see the
Notes).
CUSIP
No. 931142-10-3
|
|||||
13G
|
|||||
1.
|
NAME
OF REPORTING PERSON
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Helen
R. Walton
|
||||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
|
||||
3.
|
SEC
USE ONLY
|
||||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
3,320,548**
|
|||
6.
|
SHARED
VOTING POWER
1,695,746,480**
|
||||
7. |
SOLE
DISPOSITIVE POWER
3,320,548**
|
||||
8.
|
SHARED
DISPOSITIVE POWER
1,695,746,480**
|
||||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,699,067,028**
|
||||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN
SHARES*
|
||||
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.04%
|
||||
12.
|
TYPE
OF REPORTING PERSON*
|
||||
IN
*SEE
INSTRUCTION BEFORE FILLING OUT!
**For
additional information, see Schedule A and the footnotes
thereto.
|
Page
2 of 18
CUSIP
No. 931142-10-3
|
|||||
13G
|
|||||
1.
|
NAME
OF REPORTING PERSON
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.
Robson Walton
|
||||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
|
||||
3.
|
SEC
USE ONLY
|
||||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
2,786,994**
|
|||
6.
|
SHARED
VOTING POWER
1,697,557,112**
|
||||
7. |
SOLE
DISPOSITIVE POWER
2,729,997**
|
||||
8.
|
SHARED
DISPOSITIVE POWER
1,697,557,112**
|
||||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,700,344,106**
|
||||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN
SHARES*
|
||||
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.07%
|
||||
12.
|
TYPE
OF REPORTING PERSON*
|
||||
IN
*SEE
INSTRUCTION BEFORE FILLING OUT!
**For
additional information, see Schedule A and the footnotes
thereto.
|
Page
3 of 18
CUSIP
No. 931142-10-3
|
|||||
13G
|
|||||
1.
|
NAME
OF REPORTING PERSON
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John
T. Walton
|
||||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
|
||||
3.
|
SEC
USE ONLY
|
||||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
11,947,140**
|
|||
6.
|
SHARED
VOTING POWER
1,695,974,664**
|
||||
7. |
SOLE
DISPOSITIVE POWER
11,947,140**
|
||||
8.
|
SHARED
DISPOSITIVE POWER
1,695,974,664**
|
||||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,707,921,804**
|
||||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN
SHARES*
|
||||
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.24%
|
||||
12.
|
TYPE
OF REPORTING PERSON*
|
||||
IN
*SEE
INSTRUCTION BEFORE FILLING OUT!
**For
additional information, see Schedule A and the footnotes
thereto.
|
Page
4 of 18
CUSIP
No. 931142-10-3
|
|||||
13G
|
|||||
1.
|
NAME
OF REPORTING PERSON
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jim
C. Walton
|
||||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
|
||||
3.
|
SEC
USE ONLY
|
||||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
11,160,084**
|
|||
6.
|
SHARED
VOTING POWER
1,697,557,112**
|
||||
7. |
SOLE
DISPOSITIVE POWER
11,160,084**
|
||||
8.
|
SHARED
DISPOSITIVE POWER
1,697,557,112**
|
||||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,708,717,196**
|
||||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN
SHARES*
|
||||
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.25%
|
||||
12.
|
TYPE
OF REPORTING PERSON*
|
||||
IN
*SEE
INSTRUCTION BEFORE FILLING OUT!
**For
additional information, see Schedule A and the footnotes
thereto.
|
Page
5 of 18
CUSIP
No. 931142-10-3
|
|||||
13G
|
|||||
1.
|
NAME
OF REPORTING PERSON
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alice
L. Walton
|
||||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
|
||||
3.
|
SEC
USE ONLY
|
||||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
6,976,420**
|
|||
6.
|
SHARED
VOTING POWER
1,695,749,864**
|
||||
7. |
SOLE
DISPOSITIVE POWER
6,976,420**
|
||||
8.
|
SHARED
DISPOSITIVE POWER
1,695,749,864**
|
||||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,702,726,284**
|
||||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN
SHARES*
|
||||
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.12%
|
||||
12.
|
TYPE
OF REPORTING PERSON*
|
||||
IN
*SEE
INSTRUCTION BEFORE FILLING OUT!
**For
additional information, see Schedule A and the footnotes
thereto.
|
Page
6 of 18
CUSIP
No. 931142-10-3
|
|||||
13G
|
|||||
1.
|
NAME
OF REPORTING PERSON
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Helen
R. Walton 1987 Nonqualified Charitable Remainder
Trust
|
||||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) X
(b)
|
||||
3.
|
SEC
USE ONLY
|
||||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
0**
|
|||
6.
|
SHARED
VOTING POWER
1,695,746,480**
|
||||
7. |
SOLE
DISPOSITIVE POWER
0**
|
||||
8.
|
SHARED
DISPOSITIVE POWER
1,695,746,480**
|
||||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,695,746,480**
|
||||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN
SHARES*
|
||||
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
37.96%
|
||||
12.
|
TYPE
OF REPORTING PERSON*
|
||||
IN
*SEE
INSTRUCTION BEFORE FILLING OUT!
**For
additional information, see Schedule A and the footnotes
thereto.
|
Page
7 of 18
CUSIP
No. 931142-10-3
|
|||||
13G
|
|||||
1.
|
NAME
OF REPORTING PERSON
S.S.
or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Helen
R. Walton 1999 Trust
(grantor trust)
|
||||
2.
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
a) X
(b)
|
||||
3.
|
SEC
USE ONLY
|
||||
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5.
|
SOLE
VOTING POWER
0**
|
|||
6.
|
SHARED
VOTING POWER
1,695,746,480**
|
||||
7. |
SOLE
DISPOSITIVE POWER
0**
|
||||
8.
|
SHARED
DISPOSITIVE POWER
1,695,746,480**
|
||||
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,695,746,480**
|
||||
10.
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN
SHARES*
|
||||
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
37.96%
|
||||
12.
|
TYPE
OF REPORTING PERSON*
|
||||
IN
*SEE
INSTRUCTION BEFORE FILLING OUT!
**For
additional information, see Schedule A and the footnotes
thereto.
|
Page
8 of 18
Washington,
D.C. 20549
Schedule
13G
Item
1.
|
(a)
|
Name
of Issuer.
|
Wal-Mart
Stores, Inc.
|
||
(b)
|
Address
of Issuer's Principal Executive Offices.
702
S.W. 8th Street
Bentonville,
Arkansas 72716
|
|
Item 2.
|
(a)
|
Names
of Persons Filing.
Helen
R. Walton;
S.
Robson Walton;
John
T.
Walton;
Jim
C.
Walton;
Alice
L. Walton;
Helen
R. Walton 1987 Nonqualified
Charitable Remainder Trust; and
Helen
R. Walton 1999 Trust
|
(b)
|
Address
of Principal Business Offices, or, If none, Residences.
The
principal business office of each person named in Item 2(a) above
is 125
West Central, #218, Bentonville, Arkansas 72712.
|
|
(c)
|
Citizenship.
Each
person filing this Schedule 13G is a citizen of the United States
or a
trust organized in the United States.
|
|
(d)
|
Title
of Class of Securities.
Common
Stock.
|
|
(e)
|
CUSIP
Number.
931142-10-3
|
|
Item
3.
|
If
this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether person filing is a:
Not
applicable.
|
Page
9 of 18
Item
4.
|
Ownership
|
|
(a)
|
Amount
of Beneficially Owned.
See
Schedule A hereto.
|
|
(b)
|
Percent
of Class.
See
Schedule A hereto.
|
|
(c)
|
Number
of shares as to which each person filing this Schedule 13G has (i)
sole
power to vote or to direct the
vote;
(ii) shared power to vote or to direct the vote; (iii) sole power
to
dispose or to direct the disposition of; or (iv)
shared
power to dispose or to direct the disposition of.
See
Schedule A. hereto.
|
|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
Not
applicable.
|
|
Item
6.
|
Ownership
of More than Five Percent on Behalf of Another Person.
Not
applicable.
|
|
Item
7.
|
Identification
and Classification of the Subsidiary which Acquired the Security
Being
Reported on By the Parent Holding Company.
Not
applicable.
|
|
Item
8.
|
Identification
and Classification of Members of the Group.
If
a group has filed this Schedule pursuant to Rule 13d-1(c), attach
an
exhibit stating the identity
of
each member of this group:
The
identity of each member of the group is disclosed on the cover pages
attached hereto.
|
|
Item
9.
|
Notice
of Dissolution of Group.
Not
applicable.
|
|
Item
10.
|
Certification.
Not
applicable.
|
Page
10 of
18
SIGNATURES
After
reasonable inquiry and to the best of the knowledge and belief of each of the
undersigned, each of the undersigned certifies that the information set forth
in
this statement is true, complete and correct.
February 2,
2001
|
Date
|
/s/
Helen R. Walton
|
Helen
R. Walton, individually and in her capacity as a cotrustee of
the
Helen
R. Walton 1999 Trust
|
/s/
S. Robson Walton
|
S.
Robson Walton, individually and in his capacity as a
cotrustee
of
the Helen R. Walton 1987 Nonqualified Charitable Remainder
Trust
and
the Helen R. Walton 1999 Trust
|
/s/
John T. Walton
|
John
T. Walton, individually and in his capacity as a cotrustee of
the
Helen
R. Walton 1987 Nonqualified Charitable Remainder Trust and
the
Helen
R. Walton 1999 Trust
|
/s/
Jim C. Walton
|
Jim
C. Walton, individually and in his capacity as a cotrustee of the
Helen
R.
Walton 1999 Trust
|
/s/
Alice L. Walton
|
Alice
L. Walton, individually and in her capacity as a cotrustee of
the
Helen
R. Walton 1999 Trust
|
Page
11 of
18
Schedule
A
BENEFICIAL
OWNERSHIP OF COMMON STOCK
In
the
following table, each reference to the percentage of common stock beneficially
owned by a reporting person is calculated using the 4,466,664,364 shares of
common stock outstanding on October 31, 2000, as shown by the most recent report
published by the issuer. The footnotes to the following table describe, among
other things, the extent to which each reporting person disclaims beneficial
ownership of the common stock set forth opposite such reporting person's name
in
such table.
Reporting
Person
|
Aggregate
Number
of
Shares
of
Common
Stock
Beneficially
Owned
|
Percentage
Outstanding Common
Stock
|
Number
of Shares of Common Stock as
to Which Reporting Person has
-------------------------------------------------------------------------
|
|||
Sole
Power
to Vote |
Shared
Power
to Vote |
Sole
Power
to Dispose |
Shared
Power
to Dispose |
|||
Helen R.
Walton 1/
|
1,699,067,028
|
38.04%
|
3,320,548
|
1,695,746,480
|
3,320,548
|
1,695,746,480
|
S. Robson
Walton 2/
|
1,700,344,106
|
38.07%
|
2,786,994
|
1,697,557,112
|
2,729,997
|
1,697,557,112
|
John T.
Walton 3/
|
1,707,921,804
|
38.24%
|
11,947,140
|
1,695,974,664
|
11,947,140
|
1,695,974,664
|
Jim C.
Walton 4/
|
1,708,717,196
|
38.25%
|
11,160,084
|
1,697,557,112
|
11,160,084
|
1,697,557,112
|
Alice L.
Walton 5/
|
1,702,726,284
|
38.12%
|
6,976,420
|
1,695,749,864
|
6,976,420
|
1,695,749,864
|
Helen
R. Walton
1987 Nonqualified
Charitable
Remain-
der Trust 6/
|
1,695,746,480
|
37.96%
|
0
|
1,695,746,480
|
0
|
1,695,746,480
|
Helen
R. Walton
1999
Trust 7/
|
1,695,746,480
|
37.96%
|
0
|
1,695,746,480
|
0
|
1,695,746,480
|
1/
The number and percentage of shares of common stock shown in the table as
beneficially owned by Helen R. Walton represent (a) 3,285,348 shares held
directly by Helen R. Walton, (b) 1,695,746,480 shares held by Walton
Enterprises, L.P., as to which Helen R. Walton, shares voting and dispositive
power with S. Robson Walton, John T. Walton, Jim C. Walton and Alice L. Walton,
in their capacities as trustees of the Helen R. Walton 1999 Trust which is
a
Page
12 of
18
general
partner, which such trust in turn shares voting and dispositive power with
S.
Robson Walton, John T. Walton, Jim C. Walton, and Alice L. Walton, individually
as general partners, and S. Robson Walton, John T. Walton, and Ben F. Love
in
their capacities as trustees of the Helen R. Walton 1987 Nonqualified Charitable
Remainder Trust, which is also a general partner in Walton Enterprises, L.P.,
and (c) 35,200 shares held by Helen R. Walton as custodian for certain of her
grandchildren under UGMA.
With
respect to Walton Enterprises, L.P., dispositive and voting power over all
of
the shares held thereby is exercised by the general partners
thereof.
Helen
R.
Walton disclaims beneficial ownership of the shares listed in (c) above. She
also disclaims beneficial ownership of the shares listed in (b) above, except
to
the extent of her beneficial interest in Walton Enterprises, L.P.
2/
The
number and percentage of shares of common stock shown in the table as
beneficially owned by S. Robson Walton represent (a) 2,578,839 shares held
directly by S. Robson Walton, (b) 1,810,632 shares held by Walton Investment
Partnership, as to which S. Robson Walton, a general partner therof, shares
a
majority of voting and dispositive power with Jim C. Walton, a trustee of
certain trusts that are general partners thereof, (c) 976 shares held by S.
Robson Walton as custodian for certain nieces and nephews of his, (d)
1,695,746,480 shares held by Walton Enterprises, L.P., as to which S. Robson
Walton, as a general partner thereof, shares voting and dispositive power with
John T. Walton, Jim C. Walton, and Alice L. Walton, individually as general
partners, Helen R. Walton, S. Robson Walton, John T. Walton, Jim C. Walton,
and
Alice L. Walton in their capacities as trustees of the Helen R.
Walton
Page
13 of
18
1999
Trust which is a general partner, and S. Robson Walton, John T. Walton, and
Ben
F. Love, in their capacities as trustees of the Helen R. Walton 1987
Nonqualified Charitable Remainder Trust, which is also a general partner in
Walton Enterprises, L.P., (e) 150,182 shares representing shares covered by
stock options exercisable by S. Robson Walton under the Wal-Mart Stock Option
Plan of 1984, and (f) 56,997 shares held under the Wal-Mart Profit Sharing
Plan for the benefit of S. Robson Walton.
With
respect to Walton Enterprises, L.P., dispositive and voting power over all
of
the shares held thereby is exercised by the general partners
thereof.
S.
Robson
Walton disclaims beneficial ownership of the shares listed in above. He also
disclaims beneficial ownership of the shares listed in (b) and (d) above, except
to the extent of his actual ownership interest in Walton Investment Partnership
and Walton Enterprises, L.P.
3/
The number and percentage of shares of common stock shown in the table as
beneficially owned by John T. Walton represent (a) 11,939,328 shares held
directly by John T. Walton, (b) 224,800 shares beneficially owned by his wife,
Christy R. Walton, (c) 3,384 shares held by the Jim C. Walton Irrevocable
Children's Trust, as to which John T. Walton, as a cotrustee thereof, shares
voting and dispositive power with Alice L. Walton, the other cotrustee thereof,
(d) 2,174 shares representing shares covered by stock ptions exercisable by
John
T. Walton under the Wal-Mart Stock Option Plan of 1984, (e) 5,638 shares
representing phantom shares under the Wal-Mart Stores, Inc. Director
Compensation Plan, and (f) 1,695,746,480 shares held by Walton Enterprises,
L.P., as to which John T. Walton, as a
Page
14 of
18
general
partner thereof, shares voting and dispositive power with S. Robson Walton,
Jim
C. Walton, and Alice L. Walton, individually as general partners, Helen R.
Walton, S. Robson Walton, John T. Walton, Jim C. Walton, and Alice L. Walton
in
their capacities as trustees of the Helen R. Walton 1999 Trust which is a
general partner, and S. Robson Walton, John T. Walton, and Ben F. Love, in
their
capacities as trustees of the Helen R. Walton 1987 Nonqualified Charitable
Remainder Trust, which is also a general partner in Walton Enterprises,
L.P.
With
respect to Walton Enterprises, L.P., dispositive and voting power over all
of
the shares held thereby is exercised by the general partners
thereof.
John
T.
Walton disclaims beneficial ownership of the shares listed in (b) and (c) above.
He also disclaims beneficial ownership of the shares listed in (f) above, except
to the extent of his actual ownership interest in Walton Enterprises,
L.P.
4/
The
number and percentage of shares of common stock shown in the table as
beneficially owned by Jim C. Walton represent (a) 10,476,420 shares held
directly by Jim C. Walton, (b) 683,664 shares held by Jim C. Walton as guardian
or custodian for certain minor children of his or held directly by certain
minor
children of his, (c) 1,695,746,480 shares held by Walton Enterprises, L.P.,
as
to which Jim C. Walton, as a general partner thereof, shares voting and
dispositive power with S. Robson Walton, John T. Walton, and Alice L. Walton,
individually as general partners, Helen R. Walton, S. Robson Walton, John T.
Walton, Jim C. Walton, and Alice L. Walton in their capacities as trustees
of
the Helen R. Walton 1999 Trust which is a general partner, and S. Robson Walton,
John T. Walton, and Ben F. Love, in their capacities as trustees of the Helen
R.
Walton 1987 Nonqualified Charitable Remainder Trust, which is also
a
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general
partner in Walton Enterprises, L.P., and (d) 1,810,632 shares held by
Walton Investment Partnership, as to which Jim C. Walton, as trustee of certain
trusts that are general partners thereof, shares a majority of voting and
dispositive power with S. Robson Walton, a general partner thereof.
With
respect to Walton Enterprises, L.P., dispositive and voting power over all
of
the shares held thereby is exercised by the general partners
thereof.
Jim
C.
Walton disclaims beneficial ownership of the shares listed in (b) and (d) above.
He also disclaims beneficial ownership of the shares listed in (c) above, except
to the extent of his actual ownership interest in Walton Enterprises,
L.P.
5/
The
number and percentage of shares of common stock in the table as beneficially
owned by Alice L. Walton represent (a) 6,748,580 shares held directly by Alice
L. Walton, (b) 227,840 shares held by the James M. Walton 1987 Trust, of which
Alice L. Walton is the sole trustee, (c) 3,384 shares held by the Jim C. Walton
Irrevocable Children's Trust, as to which Alice L. Walton, as a cotrustee
thereof, shares voting and dispositive power with John T. Walton, the other
cotrustee thereof, and (d) 1,695,746,480 shares held by Walton Enterprises,
L.P., as to which Alice L. Walton, as a general partner thereof, shares voting
and dispositive power with S. Robson Walton, Jim C. Walton, and John T. Walton,
individually as general partners, Helen R. Walton, S. Robson Walton, John T.
Walton, Jim C. Walton, and Alice L. Walton in their capacities as trustees
of
the Helen R. Walton 1999 Trust which is a general partner, and S. Robson Walton,
John T. Walton, and Ben F. Love, in their capacities as trustees of the Helen
R.
Walton
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1987
Nonqualified Charitable Remainder Trust, which is also a general partner in
Walton Enterprises, L.P.
With
respect to Walton Enterprises, L.P., dispositive and voting power over all
of
the shares held thereby is exercised by the general partners
thereof.
Alice
L.
Walton disclaims beneficial ownership of the shares listed in (b) and (c) above.
She also disclaims beneficial ownership of the shares listed in (d) above,
except to the extent of her actual ownership interest in Walton Enterprises,
L.P.
6/
The
number and percentage of shares of common stock shown in the table as
beneficially owned by the Helen R. Walton 1987 Nonqualified Charitable Remainder
Trust represent (a) 1,695,746,480 shares held by Walton Enterprises, L.P.,
as to
which S. Robson Walton, John T. Walton, and Ben F. Love, as co-trustees of
the
Helen R. Walton 1987 Nonqualified Charitable Remainder Trust, a general partner
of Walton Enterprises, L.P., share voting and dispositive power with S. Robson
Walton, John T. Walton, Jim C. Walton, and Alice L. Walton, individually as
general partners and Helen R. Walton, S. Robson Walton, John T. Walton, Jim
C.
Walton, and Alice L. Walton in their capacities as trustees of the Helen R.
Walton 1999 Trust which is also a general partner of Walton Enterprises,
L.P.
With
respect to Walton Enterprises, L.P., dispositive and voting power over all
of
the shares held thereby is exercised by the general partners
thereof.
The
Helen
R. Walton 1987 Nonqualified Charitable Remainder Trust disclaims beneficial
ownership of the shares listed in (a) above except to the extent of its actual
ownership interest in Walton Enterprises, L.P.
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18
7/
The number of percentage of shares of common stock shown in the table as
beneficially owned by the Helen R. Walton 1999 Trust represent (a) 1,695,746,480
shares held by Walton Enterprises, L.P. as to which Helen R. Walton, S. Robson
Walton, John T. Walton, Jim C. Walton, and Alice L. Walton as trustees of the
Helen R. Walton 1999 Trust, a general partner of Walton Enterprises, L.P.,
shares voting and dispositive power with S. Robson Walton, John T. Walton,
Jim
C. Walton, and Alice L. Walton, individually as general partners, and S. Robson
Walton, John T. Walton, and Ben F. Love, as co-trustees of the Helen R. Walton
1987 Nonqualified Charitable Remainder Trust which is also a general partner
of
Walton Enterprises, L.P.
With
respect to Walton Enterprises, L.P., dispositive and voting power over all
of
the shares held thereby is exercised by the general partners
thereof.
The
Helen
R. Walton 1999 Trust disclaims beneficial ownership of the shares listed in
(a)
above except the extent of its actual ownership interest in Walton Enterprises,
L.P.
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