AT&T INC. — Director's Dealing 2015

Nov 2, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2015-10-30

Reporting Person: STEPHENS JOHN JOSEPH (Sr. Exec. VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-30	Common Stock	M	5342	$28.32	Acquired	142329	Direct
2015-10-30	Common Stock	F	4859	$33.55	Disposed	137470	Direct
2015-10-30	Common Stock	M	17656	$27.73	Acquired	155126	Direct
2015-10-30	Common Stock	F	15879	$33.55	Disposed	139247	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-30	Employee Stock Option (Right to Buy) - SPDP	$28.32	M	5342	Disposed	2016-02-15	Common Stock (5342)	Direct
2015-10-30	Employee Stock Option (Right to Buy) - SPDP	$27.73	M	17656	Disposed	2016-06-15	Common Stock (17656)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3881.5446	Indirect
Common Stock	62515.0533	Indirect
Common Stock	163302	Indirect