AT&T INC. — Director's Dealing 2016

Feb 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2016-01-29

Reporting Person: Lee Lori M (Sr.EVP & Global Mktg. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-29	Common Stock	A	197.4534	$36.06	Acquired	7725.1557	Indirect
2016-01-29	Common Stock	G	4657	—	Disposed	1553	Direct
2016-01-29	Common Stock	G	4657	—	Acquired	50653	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3724.5554	Indirect

Footnotes

F1: Represents deferred stock units purchased by the reporting person with automatic payroll deductions and partial company matching contributions. Deferred stock units are settled only in stock on a 1-for-1 basis.