AT&T INC. — Director's Dealing 2019

Jan 31, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2019-01-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-29	Common Stock	M	31857	—	Acquired	31857	Direct
2019-01-29	Common Stock	F	7865	$30.70	Disposed	23992	Direct
2019-01-29	Common Stock	M	6068	—	Acquired	30060	Direct
2019-01-29	Common Stock	F	2286	$30.70	Disposed	27774	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-29	Restricted Stock Units (2015)	$	M	31857	Disposed		Common Stock (31857)	Direct
2019-01-29	Restricted Stock Units (2015)	$	M	6068	Disposed		Common Stock (6068)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5499.5989	Indirect
Common Stock	9231.1942	Indirect
Common Stock	85056	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 1/29/2019. Vesting (but not distribution) is accelerated on retirement eligibility.

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