AT&T INC. — Director's Dealing 2018

Feb 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2018-01-30

Reporting Person: Lee Lori M (Sr.EVP & Global Mktg. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-30	Common Stock	M	23988	—	Acquired	23988	Direct
2018-01-30	Common Stock	F	5837	$37.44	Disposed	18151	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-30	Restricted Stock Units (2014)	$0	M	23988	Disposed		Common Stock (23988)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4807.3893	Indirect
Common Stock	8334.3167	Indirect
Common Stock	65626	Indirect

Footnotes

F1: Restricted stock units acquired pursuant to the 2011 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/30/2018. Vesting (but not distribution) is accelerated on retirement eligibility.

F2: Mandatory tax withholding on distribution of Restricted Stock Units.