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: Lesser Brian D (CEO, Xandr Inc.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-30	Common Stock	A	21762.9	—	Acquired	37312.9256	Indirect
2020-01-30	Common Stock	F	7392.8573	$37.43	Disposed	29920.0683	Indirect
2020-01-30	Common Stock	D	9485.0427	$37.43	Disposed	20435.0256	Indirect
2020-01-30	Common Stock	D	4885	—	Disposed	15550.0256	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	865.8913	Indirect
Common Stock	13538	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 4,885 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.