AT&T INC. — Director's Dealing 2016

Feb 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2016-02-12

Reporting Person: Di Piazza Samuel A Jr. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-12	Common Stock	M	360.701	—	Acquired	27150.701	Direct
2016-02-12	Common Stock	D	360.701	$36.47	Disposed	26790	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-12	Phantom Units	$	M	360.701	Disposed		Common Stock (360.701)	Indirect

Footnotes

F1: Distribution of phantom shares pursuant to deferral plan. Upon distribution, each unit is converted into the equivalent value in cash of one share of AT&T common stock.