AT&T INC. — Director's Dealing 2020

Feb 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AT&T INC. (T)
CIK: 0000732717
Period of Report: 2020-02-15

Reporting Person: Santone Angela (Sr. Exec VP-Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-15	Common Stock	M	2070	—	Acquired	1093	Direct
2020-02-15	Common Stock	F	504	$38.25	Disposed	2986	Direct
2020-02-15	Common Stock	M	2070	—	Acquired	8931	Direct
2020-02-15	Common Stock	F	504	$38.25	Disposed	4552	Direct
2020-02-15	Common Stock	M	778	—	Acquired	8931	Direct
2020-02-15	Common Stock	F	182	$38.25	Disposed	5148	Direct
2020-02-15	Common Stock	M	4990	—	Acquired	8931	Direct
2020-02-15	Common Stock	F	1207	$38.25	Disposed	8931	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-15	Restricted Stock Units (2016)	$	M	2070	Disposed		Common Stock (2070)	Direct
2020-02-15	Restricted Stock Units (2016)	$	M	2070	Disposed		Common Stock (2070)	Direct
2020-02-15	Restricted Stock Units (2018)	$	M	778	Disposed		Common Stock (778)	Direct
2020-02-15	Restricted Stock Units (2019)	$	M	4990	Disposed		Common Stock (4990)	Direct

Footnotes

F1: Restricted stock units acquired pursuant to the Time Warner Inc. 2013 Stock Incentive Plan and converted into AT&T restricted stock units. Each unit will convert into one share of issuer's common stock plus $37.22. Units vest and distribute as follows: 2,070 on 2/15/2020 and 2,072 on 2/15/2021. Vesting (but not distribution) is accelerated on retirement eligibility.

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

F3: Mandatory tax withholding on distribution of Restricted Stock Units.

F4: Restricted stock units acquired pursuant to the Time Warner Inc. 2013 Stock Incentive Plan and converted into AT&T restricted stock units. Each unit will convert into one share of issuer's common stock plus $37.22. Each unit vests and distributes as follows: 2,070 on 2/15/2020, 2,070 on 2/15/2021, and 2,072 on 2/15/2022. Vesting (but not distribution) is accelerated on retirement eligibility.

F5: Restricted stock units acquired pursuant to the AT&T 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute as follows: 778 on 2/15/2020, 779 on 2/15/2021, and 779 on 2/15/2022. Vesting (but not distribution) is accelerated on retirement eligibility.

F6: Restricted stock units acquired pursuant to the AT&T 2018 Incentive Plan. Each unit will convert into one share of issuer's common stock. Units vest and distribute as follows: 4,990 on 2/15/2020, 4,990 on 2/15/2021, 4,990 on 2/15/2022, and 4,990 on 2/15/2023. Vesting (but not distribution) is accelerated on retirement eligibility.