AT&T INC. — Director's Dealing 2016

Jul 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2016-06-30

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
2016-06-30	Common Stock	A	310.8077	$43.21	Acquired	3499.6173	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1902.4501	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.