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: 2016-07-25

Reporting Person: Donovan John (CSO&Group Pres-AT&T Tech & Ops)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-25	Common Stock	M	908	$24.63	Acquired	187874	Direct
2016-07-25	Common Stock	F	683	$43.11	Disposed	187191	Direct
2016-07-25	Common Stock	M	1283	$25.32	Acquired	188474	Direct
2016-07-25	Common Stock	F	976	$43.11	Disposed	187498	Direct
2016-07-25	Common Stock	M	914	$25.54	Acquired	188412	Direct
2016-07-25	Common Stock	F	698	$43.11	Disposed	187714	Direct
2016-07-25	Common Stock	M	1301	$28.24	Acquired	189015	Direct
2016-07-25	Common Stock	F	1041	$43.11	Disposed	187974	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-25	Employee Stock Option (Right to Buy) - SPDP	$24.63	M	908	Disposed	2019-06-15	Common Stock (908)	Direct
2016-07-25	Employee Stock Option (Right to Buy) - SPDP	$25.32	M	1283	Disposed	2020-02-16	Common Stock (1283)	Direct
2016-07-25	Employee Stock Option (Right to Buy) - SPDP	$25.54	M	914	Disposed	2020-06-15	Common Stock (914)	Direct
2016-07-25	Employee Stock Option (Right to Buy) - SPDP	$28.24	M	1301	Disposed	2021-02-15	Common Stock (1301)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4133.3251	Indirect
Common Stock	4153.845	Indirect
Common Stock	54118	Indirect