AT&T INC. — Director's Dealing 2016

Jul 28, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2016-07-27

Reporting Person: Huntley David S. (SEVP&Chief Compliance Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-27	Common Stock	M	282	$40.28	Acquired	17843	Direct
2016-07-27	Common Stock	F	274	$42.38	Disposed	17569	Direct
2016-07-27	Common Stock	M	405	$37.88	Acquired	17974	Direct
2016-07-27	Common Stock	F	381	$42.38	Disposed	17593	Direct
2016-07-27	Common Stock	M	303	$36.17	Acquired	17896	Direct
2016-07-27	Common Stock	F	278	$42.38	Disposed	17618	Direct
2016-07-27	Common Stock	M	540	$25.54	Acquired	18158	Direct
2016-07-27	Common Stock	F	416	$42.38	Disposed	17742	Direct
2016-07-27	Common Stock	M	757	$28.24	Acquired	18499	Direct
2016-07-27	Common Stock	F	611	$42.38	Disposed	17888	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-27	Employee Stock Option (Right to Buy) - SPDP	$40.28	M	282	Disposed	2017-06-15	Common Stock (282)	Direct
2016-07-27	Employee Stock Option (Right to Buy) - SPDP	$37.88	M	405	Disposed	2018-02-15	Common Stock (405)	Direct
2016-07-27	Employee Stock Option (Right to Buy) - SPDP	$36.17	M	303	Disposed	2018-06-16	Common Stock (303)	Direct
2016-07-27	Employee Stock Option (Right to Buy) - SPDP	$25.54	M	540	Disposed	2020-06-15	Common Stock (540)	Direct
2016-07-27	Employee Stock Option (Right to Buy) - SPDP	$28.24	M	757	Disposed	2021-02-15	Common Stock (757)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4070.8656	Indirect
Common Stock	3433.7694	Indirect