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: BLASE WILLIAM A JR (Sr. Exec. VP-Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-31	Common Stock	M	1078	—	Acquired	247917	Direct
2019-01-31	Common Stock	F	1078	$30.06	Disposed	246839	Direct
2019-01-31	Common Stock	A	35294.4	—	Acquired	61217.1279	Indirect
2019-01-31	Common Stock	F	13996.7884	$30.06	Disposed	47220.3395	Indirect
2019-01-31	Common Stock	D	21297.6116	$30.06	Disposed	25922.7279	Indirect
2019-01-31	Common Stock	A	1280.6918	$30.06	Acquired	27203.4197	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
2019-01-31	Restricted Stock Units (2019)	$	M	1078	Disposed		Common Stock (1078)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8075.6386	Indirect
Common Stock	175628	Indirect

Footnotes

F1: 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.

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: 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.