AT&T INC. — Director's Dealing 2019

Feb 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2019-01-31

Reporting Person: STANKEY JOHN T (CEO, Warner Media, LLC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-31	Common Stock	A	807.6809	$30.06	Acquired	48413.347	Indirect
2019-01-31	Common Stock	M	2073	$23.22	Acquired	55828	Direct
2019-01-31	Common Stock	S	2073	$29.84	Disposed	53755	Direct
2019-01-31	Common Stock	M	1675	$24.63	Acquired	55430	Direct
2019-01-31	Common Stock	S	1675	$29.84	Disposed	53755	Direct
2019-01-31	Common Stock	M	2326	—	Acquired	56081	Direct
2019-01-31	Common Stock	F	2326	$30.06	Disposed	53755	Direct
2019-01-31	Common Stock	A	60695.12	—	Acquired	109108.467	Indirect
2019-01-31	Common Stock	F	23883.5296	$30.06	Disposed	85224.9374	Indirect
2019-01-31	Common Stock	D	36811.5904	$30.06	Disposed	48413.347	Indirect
2019-01-31	Common Stock	G	53755	—	Disposed	0	Direct
2019-01-31	Common Stock	G	53755	—	Acquired	507542	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-31	Non-qualified Stock Option (Right to Buy)	$23.22	M	2073	Disposed	2019-02-17	Common Stock (2073)	Direct
2019-01-31	Employee Stock Option (Right to Buy) - SPDP	$24.63	M	1675	Disposed	2019-06-15	Common Stock (1675)	Direct
2019-01-31	Restricted Stock Units (2019)	$	A	62375	Acquired		Common Stock (62375)	Direct
2019-01-31	Restricted Stock Units (2019)	$	M	2326	Disposed		Common Stock (2326)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7758.2045	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.

F2: Restricted stock units acquired pursuant to the 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute on 1/15/2023. Vesting (but not distribution) is accelerated on retirement eligibility

F3: Mandatory tax withholding on vesting of Restricted Stock Units due to retirement eligibility.

F4: Distribution of performance shares.

F5: Each performance share is equivalent in value to a share of common stock.

F6: Mandatory tax withholding on distribution of performance shares.

F7: Represents performance shares distributed in cash, after taxes.