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: Lee Lori M (CEO-AT&T LatAm&GlobalMktgOfcr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-31	Common Stock	A	302.7569	$30.06	Acquired	9533.9511	Indirect
2019-01-31	Common Stock	A	29412	—	Acquired	38945.9511	Indirect
2019-01-31	Common Stock	F	11573.6221	$30.06	Disposed	27372.329	Indirect
2019-01-31	Common Stock	D	17838.3779	$30.06	Disposed	9533.9511	Indirect
2019-02-01	Common Stock	G	27774	—	Disposed	0	Direct
2019-02-01	Common Stock	G	27774	—	Acquired	112830	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-31	Restricted Stock Units (2019)	$	A	28901	Acquired		Common Stock (28901)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5499.5989	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: Distribution of performance shares.

F3: Each performance share is equivalent in value to a share of common stock.

F4: Mandatory tax withholding on distribution of performance shares.

F5: Represents performance shares distributed in cash, after taxes.

F6: 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.