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: STEPHENSON RANDALL L (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-30	Common Stock	A	269870.4	—	Acquired	708742.5276	Indirect
2020-01-30	Common Stock	F	106194.0024	$37.43	Disposed	602548.5252	Indirect
2020-01-30	Common Stock	D	108027.3976	$37.43	Disposed	494521.1276	Indirect
2020-01-30	Common Stock	D	55649	—	Disposed	438872.1276	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7101.6787	Indirect
Common Stock	1383862	Direct
Common Stock	856128	Indirect

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 55,649 shares owned indirectly by benefit plan to direct ownership due to distribution of performance shares.