AT&T INC. — Director's Dealing 2020

Feb 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2020-01-30

Reporting Person: McElfresh Jeffery S. (CEO, AT&T Communications, LLC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-30	Common Stock	A	11043	—	Acquired	39729.1874	Indirect
2020-01-30	Common Stock	F	2688.9706	$37.43	Disposed	37040.2168	Indirect
2020-01-30	Common Stock	D	5514.0294	$37.43	Disposed	31526.1874	Indirect
2020-01-30	Common Stock	D	2840	—	Disposed	28686.1874	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2872.5737	Indirect
Common Stock	61967	Direct

Footnotes

F1: Total performance shares distributed.

F2: Each performance share is equivalent in value to a share of common stock.

F3: Mandatory tax withholding on distribution of performance shares.

F4: Represents portion of the performance shares distributed in cash, after taxes.

F5: Reflects transfer of 2,840 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.