AT&T INC. — Director's Dealing 2020

Jan 30, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2020-01-28

Reporting Person: STEPHENSON RANDALL L (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-28	Common Stock	M	209640	—	Acquired	1401905	Direct
2020-01-28	Common Stock	F	73692	$38.58	Disposed	1328213	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-28	Restricted Stock Units (2016)	$	M	209640	Disposed		Common Stock (209640)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7101.6787	Indirect
Common Stock	438872.1276	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 1/28/2020.

F2: Mandatory tax withholding on distribution of Restricted Stock Units.