AT&T INC. — Director's Dealing 2016

Jul 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2016-07-22

Reporting Person: STANKEY JOHN T (CEO?AT&T Entertainment Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-22	Common Stock	M	1337	$37.23	Acquired	13583	Direct
2016-07-22	Common Stock	S	237	$43.36	Disposed	13346	Direct
2016-07-22	Common Stock	S	100	$43.3601	Disposed	13246	Direct
2016-07-22	Common Stock	S	200	$43.365	Disposed	13046	Direct
2016-07-22	Common Stock	S	700	$43.39	Disposed	12346	Direct
2016-07-22	Common Stock	S	100	$43.395	Disposed	12246	Direct
2016-07-22	Common Stock	M	794	$40.28	Acquired	13040	Direct
2016-07-22	Common Stock	S	594	$43.3901	Disposed	12446	Direct
2016-07-22	Common Stock	S	200	$43.395	Disposed	12246	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-22	Employee Stock Option (Right to Buy) - SPDP	$37.23	M	1337	Disposed	2017-02-15	Common Stock (1337)	Direct
2016-07-22	Employee Stock Option (Right to Buy) - SPDP	$40.28	M	794	Disposed	2017-06-15	Common Stock (794)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6140.515	Indirect
Common Stock	44427.8192	Indirect
Common Stock	343754	Indirect
Common Stock	120000	Indirect