AT&T INC. — Director's Dealing 2019

Nov 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2019-10-31

Reporting Person: YANG GEOFFREY Y (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-31	Common Stock	A	909	$38.49	Acquired	8468	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-31	Deferred Stock Units	$	A	280.7511	Acquired		Common Stock (280.7511)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	101220	Indirect
Common Stock	70257	Indirect
Common Stock	29815	Indirect
Common Stock	33558	Indirect

Footnotes

F1: Acquisition of shares at fair market value in lieu of retainer fees pursuant to the AT&T Inc. Non-Employee Director Stock Purchase Plan.

F2: Shares owned by a family limited partnership of which the reporting person and his spouse are the general partners and of which the Yang Family Trust UDT 4/11/94 is the sole limited partner.

F3: Shares owned by a limited partnership; the general partner is the reporting person's daughter and the three limited partners of the LP are trusts. The reporting person disclaims beneficial ownership of the AT&T Inc. common stock held by the LP except to the extent of his pecuniary interest therein.

F4: Acquisition of deferred stock units pursuant to the AT&T Inc. Non-Employee Director Stock and Deferral Plan. After the reporting person ceases to be a director, each unit is paid out in cash equal to the value of one share of AT&T common stock at times elected by the director.