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: Huntley David S. (SEVP&Chief Compliance Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-31	Common Stock	A	396.6258	$30.06	Acquired	12762.4642	Indirect
2019-01-31	Common Stock	M	465	—	Acquired	37971	Direct
2019-01-31	Common Stock	F	465	$30.06	Disposed	37506	Direct
2019-01-31	Common Stock	A	13903.44	—	Acquired	26665.9042	Indirect
2019-01-31	Common Stock	F	3517.8516	$30.06	Disposed	23148.0526	Indirect
2019-01-31	Common Stock	D	10385.5884	$30.06	Disposed	12762.4642	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-31	Restricted Stock Units (2019)	$	A	12475	Acquired		Common Stock (12475)	Direct
2019-01-31	Restricted Stock Units (2019)	$	M	465	Disposed		Common Stock (465)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5411.5659	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.