AT&T INC. — Director's Dealing 2018

Feb 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2018-01-31

Reporting Person: STANKEY JOHN T (SEVP-Merger Integration Planng)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-31	Common Stock	A	712.8035	$37.45	Acquired	41621.7813	Indirect
2018-02-01	Common Stock	M	1234	$37.88	Acquired	51672	Direct
2018-02-01	Common Stock	S	1234	$39.21	Disposed	50438	Direct
2018-02-01	Common Stock	M	1073	$36.17	Acquired	51511	Direct
2018-02-01	Common Stock	S	200	$39.205	Disposed	51311	Direct
2018-02-01	Common Stock	S	100	$39.21	Disposed	51211	Direct
2018-02-01	Common Stock	S	73	$39.215	Disposed	51138	Direct
2018-02-01	Common Stock	S	600	$39.22	Disposed	50538	Direct
2018-02-01	Common Stock	S	100	$39.225	Disposed	50438	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-01	Employee Stock Option (Right to Buy) - SPDP	$37.88	M	1234	Disposed	2018-02-15	Common Stock (1234)	Direct
2018-02-01	Employee Stock Option (Right to Buy) - SPDP	$36.17	M	1073	Disposed	2018-06-16	Common Stock (1073)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6937.2405	Indirect
Common Stock	404949	Indirect
Common Stock	120000	Indirect

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.