AT&T INC. — Director's Dealing 2018

Feb 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2018-02-01

Reporting Person: Donovan John (CEO-AT&T Communications, LLC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-01	Common Stock	M	2708	—	Acquired	155515	Direct
2018-02-01	Common Stock	F	2708	$39.16	Disposed	152807	Direct
2018-02-01	Common Stock	A	60937.89	—	Acquired	72781.7717	Indirect
2018-02-01	Common Stock	F	23979.0596	$39.16	Disposed	48802.7121	Indirect
2018-02-01	Common Stock	D	36958.8304	$39.16	Disposed	11843.8817	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-01	Restricted Stock Units (2018)	$	A	72619	Acquired		Restricted Stock Units (72619)	Direct
2018-02-01	Restricted Stock Units (2018)	$	M	2708	Disposed		Restricted Stock Units (2708)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4783.597	Indirect
Common Stock	96293	Indirect
Common Stock	54118	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units (2015)	$		Common Stock (56862)	56862	Direct
Restricted Stock Units (2016)	$		Common Stock (56806)	56806	Direct
Restricted Stock Units (2017)	$		Common Stock (53824)	53824	Direct

Footnotes

F1: Restricted stock units acquired pursuant to the 2016 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/27/2022. Vesting (but not distribution) is accelerated on retirement eligibility

F2: Mandatory tax withholding on vesting of Restricted Stock Units due to retirement eligibility.

F3: Distribution of performance shares.

F4: Each performance share is equivalent in value to a share of common stock.

F5: Mandatory tax withholding on distribution of performance shares.

F6: Represents performance shares distributed in cash, after taxes.

F7: Restricted stock units convert into common stock on a one-for-one basis.

F8: 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 1/26/2016. Vesting (but not distribution) is accelerated on retirement eligibility.

F9: 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 1/28/2020. Vesting (but not distribution) is accelerated on retirement eligibility.

F10: Restricted stock units acquired pursuant to the 2016 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/26/2021. Vesting (but not distribution) is accelerated on retirement eligibility.