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AT&T INC. Director's Dealing 2016

May 3, 2016

29786_dirs_2016-05-03_f6ecb83e-495e-47c9-b6ab-708ffe2a352b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2016-04-29

Reporting Person: McAtee David R II (Sr. Exec. VP and Gen. Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-29	Common Stock	A	333.007	$38.82	Acquired	2889.959	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1749.0666	Indirect
Common Stock	8551	Direct

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.