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: STEPHENSON RANDALL L (Director, Chairman, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-29	Common Stock	M	215051	—	Acquired	1131858	Direct
2019-01-29	Common Stock	F	74693	$30.70	Disposed	1057165	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-29	Restricted Stock Units (2015)	$	M	215051	Disposed		Common Stock (215051)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6360.8497	Indirect
Common Stock	402639.9713	Indirect
Common Stock	856128	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.